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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 ...
Allowance method
Accounting; Tax
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 ...
