LOSS DISALLOWANCE RULE (LDR)
IRS rule: corporation cannot file one tax return covering the corporation that includes subsidiaries owned by a third party. This prevents corporate use of losses incurred by the other owner, not the
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
IRS rule: corporation cannot file one tax return covering the corporation that includes subsidiaries owned by a third party. This prevents corporate use of losses incurred by the other owner, not the
Severe damage making an insured item a total loss because the item is no longer what it was when undamaged. Water soaked cement is an example.
Compensation for an insured’s potential earnings lost due to an injury or disability.
Its application is mandated under the provisions of GAAP. Conservative accounting valuation rule. Requires valuing certain asset types, like an inventory, at the lesser of either at historical cost or at current
Surface illuminance metric (SI) unit. Defined as an illumination of one lumen per square meter. In contrast, sunshine gives 80,000 to 100,000 lux to the surface it hits. Also refer to luminance
Data or instructions readable through a computer’s electronic device. This input is ready for interpretation and manipulation. Bar codes, magnetic ink, or disk are sources of this data or instructions. Laser scanners,
A narrow rectangular magnetic strip. Bank cards, credit cards, and the like carry one on the back. Information retained on a magnetic stripe can be damaged or wiped out by a strong
scheduled maintenance operations for assessing and planning administrative, financial, and technical framework tasks.
Rerunning the corrected ad or correctly timed commercial as a promise to ‘make an error good’ by a medium. Newspaper, magazine, radio or TV station as an advertising medium gives an advertiser
A systematic organizational management assessment. Evaluates sufficiency of methods and policies. Resource administration and use, tactical and strategic planning, and employee and organizational improvement are this action’s focus.
Senior partner’s highest formal job title. Typically accountable for a firm’s overall practice, management and day-to-day operations. This job title is most used in accounting and law firms. In terms of duties
Liability limit excess in an insurance premium’s amount. Multiplying the manual rate by rate factors found on a table establishes this premium. Determines a premium for the limit selected.
Until the outcome of an associated law suit is decided, this court order prevents a defendant from transferring assets. ‘Mareva Compania Naviera S.A. vs. International Bulk Carriers S.A.’ was the founding 1975
A company having a relatively minor impact on its own field of operation due to dominating rival companies of greater size and influence. Marginal players are always susceptible to their larger rivals’
Producer’s substitution rate of a small input variable’s amount for another small input variable’s amount. This rate indicates the opportunity cost of a unit of each commodity in terms of another.
A check guaranteed by the bank on which it is drawn when marked ‘good for payment’, typically by means of a special stamp. The check’s issuer thereby acknowledges to having sufficient funds
A customer feels like the firm’s exclusive, preferred customer due to this level of customization and customer service.
A weighted average in proportion to each of the securities’ market value gives its value base to the overall group of securities that encompass the indexing used directly in this type of
Non-combustible materials for the roof and floor, and brick or concrete on the outside walls of a structure are the main ingredients in this type of construction.
1. In Equipment leasing, this is on ongoing type of lease arrangement. Additional equipment is leased by simply doing a new lease schedule for the new equipment rather than doing a new