Tax Base
What is a tax base and why is it important A tax base is the total value of all taxable property in a jurisdiction. This includes both real and personal property, such as homes, businesses, vehicles, and other assets. The tax base is important because it determines how much revenue a municipality can generate through taxation. For example, if the...
Take A Flier
What is a flier and how can it be used to promote my business A flier is a printed piece of marketing collateral that is used to promote a business, product, or event. While there are many different ways to design a flier, they all share the common goal of generating interest and getting people to take action. For businesses,...
Takeover Bid
DefinitionTakeover Bid was a BBC Television primetime entertainment quiz programme that aired on BBC1 from 26 May 1990 until 15 July 1991. The programme was hosted by Bruce Forsyth and assisted by Claire Sutton. Takeover Bid What is a 'Takeover Bid' A takeover bid is a type of corporate action in which an acquiring company makes an...
Takaful
DefinitionTakaful is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia compliant alternative to conventional insurance, which Takaful proponents believe contains forbidden riba and gharar. Takaful What is 'Takaful' Takaful is a type of Islamic insurance, where members contribute money into a pooling system in order to guarantee each...
Term Life
DefinitionTerm Life is a 2016 American action-drama based on the graphic novel of the same name. It is directed by Peter Billingsley from a screenplay by A.J. Lieberman. The film stars Vince Vaughn, who also produces the film, Hailee Steinfeld, Jonathan Banks, Mike Epps, Jordi Molla, Shea Whigham, William Levy, Taraji P. Henson, Annabeth Gish, and Terrence Howard. The...
Tariff
What is a 'Tariff' A tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers. A specific tariff is levied as a fixed fee based on the type of item (e.g., $1,000 on any car). An ad-valorem tariff...
Tape Shredding
What is 'Tape Shredding' When a broker divides an order for securities into a number of smaller orders. For certain securities, smaller orders can be easier to fill, so brokers have the ability to tape shred when they believe that doing so will speed up the rate at which the order is filled. Explaining 'Tape...
Tax Code
DefinitionTax law is an area of legal study dealing with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable to taxation. Tax Code What is a 'Tax Code' A tax code is a federal government document, numbering tens of thousands of pages that details the rules individuals and businesses must follow, in...
Tax Deed
What is a tax deed sale A tax deed sale is a public auction of property that has been foreclosed upon because the owner has failed to pay their property taxes. The proceeds from the sale go to the local government to pay off the delinquent taxes. In some cases, the property may be sold for less than the outstanding...
Takeunder
What is 'Takeunder' An offer to purchase or acquire a public company at a price per share that is less than its current market price. A takeunder is almost always unsolicited and generally occurs when the target company is in severe financial distress or has some other major problem that threatens its long-term viability, as a going...