3 Terms
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Tax
Of or relating to the fees charged by a government on a product, income, or activity; and also to the system by which they are successfully levied.
Industry: Accounting
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Tax
fidelity bond
Accounting; Tax
A bond which pays an employer up to an amount stated in the bond for losses caused by dishonesty or infidelity on the part of an employee
fiduciary bond
Accounting; Tax
A bond on behalf of a person in a position of trust that guarantees the person will perform his or her statutory duties and provide a proper accounting
fiduciary
Accounting; Tax
A person to whom property is entrusted to hold, control, or manage for another The fiduciary of a trust is the person who is legally responsible for managing the assets of the trust in a competent ...
capital turnover
Accounting; Tax
A company's annual sales divided by the average stockholder equity (i e , net worth) It's a measure of how efficiently the company uses its equity; the greater the ratio, the less capital (more ...
cash balance plan
Accounting; Tax
A cash balance plan is an employer-sponsored retirement plan that has some characteristics of both defined benefit and defined contribution (DC) plans The employer credits each employee with a ...
cash conversion cycle
Accounting; Tax
The time, usually in days, it takes to convert raw materials to cash after the manufactured goods have been sold and any accounts receivable collected A shorter cycle means less working capital is ...
cash cow
Accounting; Tax
A business that generates cash with regularity Often it implies a business that generates outsized amounts of cash, frequently with little management intervention Such businesses are often more ...
