20 Terms
Home > Industry/Domain > Accounting > Tax
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
Add a new termContributors in Tax
Tax
Articles of organisation
Accounting; Tax
Similar to Articles of Incorporation, but the document filed with the secretary of state or similar authority of a state by the founders of an limited liability company (LLC) It is also known as ...
Assessments
Accounting; Tax
The right to secure additional payments from partners or co-venturers in a project
Asset activity ratios
Accounting; Tax
Rations used to determine how effectively the business is managing the assets Examples include inventory turnover and receivables turnover
Asset-backed security
Accounting; Tax
A security collateralized by assets such as receivables, inventory, instalment contracts, loans (in the case of a lender), etc
Asset-based financing
Accounting; Tax
Loans or other financings where the creditors and any equity investors base their lending/investment decisions on the cash flow from the project or asset
Assignment
Accounting; Tax
A transfer of your rights to another party For example, in the case of an insurance policy it's the partial or total transfer of the policyowner's rights to another party If you're selling a piece ...
Assumption
Accounting; Tax
An agreement where the purchaser agrees to make the payments on an existing mortgage on the property The original borrower remains liable unless he is specifically released
