TAX ACCOUNTING
The accounting practices that incorporate laws for taxation that is regulated by the IRS.
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The accounting practices that incorporate laws for taxation that is regulated by the IRS.
The lawful tax liability minimization that occurs from a sound financial plan. Tax avoidance is legal but tax evasion is not.
The proof of payment of taxes due on a property or income that is official.
1. Contracts: A stipulation where the contract rights of those involved is adjusted according to the formula agreed to as each stage is completed. 2. Utility Bills: A stipulation where the monthly
To renegotiate the rate or term of a mortgage without changing the amount of said mortgage. This is a common way for borrowers to lock in a lower interest rate.
The Base number used to compute the rate for taxation, a utility charge, a service or other rate.
Printed list of rates charged by print and broadcast media. Rate cards are for direction only because the tangible charges vary greatly according to the bartering power of the promoter.
This practice, now illegal by state insurance laws, involved charging different rates to insured people with similar attributes.
The practice of borrowing money at lower, short-term interest rates and then lending this money through long term fixed rates, which are typically done at a higher rate of interest.
The fee that a borrower pays to lock in their interest rate for the period while their mortgage application is processed. If they withdraw the application, they forfeit their deposit.
Deposit a borrower pays to lock in their interest rate for the period while their mortgage application is processed. If interest rates drop, the borrower may choose the lower rate.
The handbook or manual that contains all of the rates for coverage. This manual may contain other items including the guidelines to field underwriting, agent guidelines, and cash forfeiture values.
Shown as a relative amount between changes in variables over a precise period. Stock traders depend on the swiftness of change of one stock price relative to another stocks price.
The rate in which the value of a capital asset drops due to certain variables such as the wear and tear, physical deterioration or the technological obsolescence of the asset.
The rate of economic growth is designed to determine the economic growth or decline over the course of the year.
The rate of exchange is the monetary value of a determined amount of foreign currency on any given day.
The rate of inflation is calculated by how low or high the prices of services and goods move all the way through the nation?s economy.
This rate is calculated by using the birth rate minus the death rate. It is a rate that is equivalent to the population increase or decrease without migration being factored in.
Essential rule of investment that states that an investor should make an investment where the rate of return is larger than the prospective cost of the capital (time deposit interest rate).
This number, found by dividing the total sales revenue in a given period by the average inventory, is the number of times that a firm sells out of its merchandise.
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