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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

All-risk

Accounting; Tax

An insurance policy covering real or personal property against any loss except those specifically excluded

Allocation base

Accounting; Tax

An approach for assigning a given cost to two or more departments of a business

Allowance for doubtful accounts

Accounting; Tax

An offset, or contra account, to accounts receivable to reflect the estimated collection losses on outstanding accounts receivable The allowance reduces revenue Such an allowance is generally not ...

A method of recording collection losses based on estimates before the actual determination that the business will be unable to collect such losses For example, at the end of the year a company will ...

American-style option

Accounting; Tax

An option exercisable at any time between the purchase and expiration date

Amortisation

Accounting; Tax

This is similar to straight-line depreciation, allowing a business or individual to write off an expenditure over a number of years amortisation generally applies to intangible assets For example, ...

Loan-to-value ratio

Accounting; Tax

The percentage a lending institution will loan to the appraised value of a property For example, if the property is appraised for $100,000 and a bank will loan only $70,000, the loan-to-value ratio ...