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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

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 ...

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 ...

Buy-sell agreement a

Accounting; Tax

N agreement between owners (shareholders or partners) of a business providing that surviving co-owners of the business will purchase the shares of a co-owner who dies The agreement provides a ...

Byproduct

Accounting; Tax

Output of a production process with relatively little sales value when compared to the main product

Callable bond

Accounting; Tax

A bond that can be redeemed by the issuer before the stated maturity date Usually, the bond cannot be redeemed before a certain time, say 5 years And often bonds are only callable at certain times ...

Call option

Accounting; Tax

1 The right to buy 100 shares of a stock (or stock index, etc ) at set price Usually, the option holder has the right, but not the obligation to purchase the property The option expires at a set ...