1 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
At-risk plan
Accounting; Tax
Under the Pension Protection Act of 2006, a plan is considered to be at risk of default on its obligations if it fails to meet at least one of two tests Under the first test, a plan is deemed to be ...
After-acquired clause
Accounting; Tax
A clause in a mortgage or similar loan document that provides that any mortgageable property acquired after the mortgage is signed will be considered additional security for the loan
After-tax real rate of return
Accounting; Tax
A rate of return on an investment on an after-tax basis and adjusted for inflation
Agency
Accounting; Tax
A relationship between a principal and an agent who acts on behalf of the principal in a transaction with a third party
Agent
Accounting; Tax
A person or entity authorised to act on behalf of another party While a person can act on his own, a corporation can only act through its agents
Aggregation
Accounting; Tax
The combination of several business operations into a larger unit Primarily used to combine passive trade or business undertakings into one or more activities in order to determine whether a ...
Ageing of accounts receivable
Accounting; Tax
A way to estimate bad debts by analysing individual accounts receivable according to the length of time they have been outstanding For example, outstanding accounts may be split into those 30 days ...
