What is a Tax Clawback Agreement
A Tax Clawback Agreement is an agreement between a taxpayer and the IRS in which the taxpayer agrees to repay any tax benefits that were received in error. The agreement is used to recover...
What is 'Take-Out Lender' A type of financial institution that provides a long-term mortgage on property. This mortgage will replace interim financing, such as a construction loan. Take-out lenders are normally large financial conglomerates, such as insurance...
What is 'Tax Attribute' A type of loss or tax credit that must be reduced as a result of the exclusion of debt cancellation from a taxpayer's gross income. Tax attributes are adjusted when a taxpayer declares...
Source: WikipediaLast Sourced: 2021-02-01This Article has been Edited for Accessibility Further Reading TIPS and inflation expectations - www.tandfonline.com Dive in! Tips for Teaching Economics Through'Shark Tank' - papers.ssrn.com The TIPS yield curve and inflation compensation - www.aeaweb.org Introduction...
What is 'Targeted-Distribution Fund' A mutual fund that focuses on the distribution of income and capital gains to fund holders. These funds are becoming more popular as our population ages because they are aimed at income replacement,...
DefinitionA tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes...
What is 'Takeout Value' The estimated value of a company if it were to be taken private or acquired. A firm's takeout value considers various metrics, such as cash flows, assets, earnings and multiples used in similar...
What is 'Take-Out Commitment' A specific type of mortgage purchase agreement. Under a take-out commitment, a long-term investor agrees to buy a mortgage from a mortgage banker at a specific date in the future. Take-out commitments are...
What is a 'Tangible Book Value Per Share - TBVPS' A tangible book value per share (TBVPS) is a method of valuing a company on a per-share basis by measuring its equity after removing any intangible assets,...
What is 'Tax Anticipation Note - TAN' A short-term debt security issued by a state or local government to finance an immediate project that will be repaid with future tax collections. State and local governments use tax...