20 Terms
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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 ...
