Tag: item
De Minimis Tax Rule
What is the 'De Minimis Tax Rule' The De Minimis tax rule is a rule that states that capital gains tax must...
Under Reporting
DefinitionUnder-reporting usually refers to some issue, incident, statistic, etc., that individuals, responsible agencies, or news media have not reported, or have reported as less...
Unappropriated Retained Earnings
What are unappropriated retained earnings
Unappropriated retained earnings are the portion of a business's profits that have not been allocated to specific expenses. This money...
Last In, First Out (LIFO)
What is Last In, First Out (LIFO)?
LIFO is an inventory accounting method in which the most recently acquired items are the first ones to...
Layaway
DefinitionLayaway is an agreement in which the seller reserves an item for a consumer until the consumer completes all the payments necessary to pay...
Zero-Based Budgeting (ZBB)
What is 'Zero-Based Budgeting - ZBB' Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for...
Yankee CD
What is 'Yankee CD' A certificate of deposit (CD) that is issued in the United States by a branch or agency of...