Nonresident Alien
What is a nonresident alien For tax purposes, the IRS defines a nonresident alien as an individual who is not a U.S. citizen and does...
Sublease : Benefits & How to Find it
What is a sublease A sublease is a contract between a tenant and a subtenant that allows the subtenant to live in the property for...
Accretive in Finance
What is accretive The term "accretive" is often used in the context of finance. In general, it refers to something that increases the value of...
Expropriation Explanation
What is expropriation and why is it used Expropriation is the taking of private property by a government for public use. It is used as...
Bear Hug Definition in Business and Finance
What is a bear hug in business terms In business, a bear hug is an offer to buy a publicly listed company at a significant...
Unencumbered Definition
What does it mean to be unencumbered In business and personal finance, "unencumbered" refers to an asset that is not held as collateral for a...
Form 2848: Power of Attorney and Declaration of Representative
What is Form 2848 Form 2848 is used to give someone else authority to represent you before the IRS. This could be an individual, like...
Contingent Beneficiary
What is a contingent beneficiary A contingent beneficiary is a person or entity who will receive assets only if the primary beneficiary dies before the...
Depletion – Uses, Benefits & Drawbacks
What is depletion and how is it used in accounting Depletion is a method of accounting for the consumption of natural resources. It is similar...
Lis pendens
What is a Lis pendens A Lis pendens is a legal notice that is filed when two parties are involved in a lawsuit over the...