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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

Banker's rule

Accounting; Tax

The use of a 360-day year (instead of 365) for prorations (The use stems from pre-computer days when it was used to simplify computation )

Base

Accounting; Tax

Also known as a Stop In real estate leases tenants are often responsible for operating expenses of the building over a certain dollar amount, the base or stop The base may be expressed in dollars ...

Ad valorem (tax)

Accounting; Tax

Ad valorem means according to value An ad valorem tax is one based on the value of the property subject to taxation Advances Funds made available to another party In the case of a loan, it's the ...

Adverse opinion

Accounting; Tax

Instead of an unqualified opinion, it's an opinion by a CPA that the financial statements do not represent fairly the results of the operations of the company and/or are not in conformity with ...

Affidavit

Accounting; Tax

A written statement that is sworn to before an officer of the court who is authorised to administer an oath

Affirmative covenant

Accounting; Tax

A covenant on a bond, loan, or mortgage that requires the debtor to perform certain actions

All-or-none bid

Accounting; Tax

A bid for a number of different items in which the bidder will not accept a partial award, but only an award for all the items, services, etc included in the bid In stock trading, the requirement ...