Tax Clawback Agreement
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 overpayments of tax credits or refunds, and to prevent future errors from occurring. The agreement is usually signed when the...
Take-Out Lender
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 or investment companies. Explaining 'Take-Out Lender' Take-out lenders replace short-term lenders such as banks or savings and loans....
Tax Attribute
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 bankruptcy. Tax attributes include net operating losses and carryovers, general business credit carryovers, alternative minimum tax credit carryovers,...
Tips
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 of Islamic finance in Brexit time, some tips for the West - iris.unito.it School finance: The economics and politics of...
Targeted-Distribution Fund
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, something that is crucial as traditional employer-sponsored pension plans disappear. Also known as "Open-End Managed-Payout Funds." Explaining...
Tax Credit
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 already paid or, as in the United Kingdom, a form of state support. Tax Credit What is a 'Tax...
Takeout Value
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 takeovers. The current mergers and acquisitions environment can also affect the takeout value of a company. There is...
Take-Out Commitment
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 enforced once a project reaches a particular stage where long-term, rather than short-term, financing is the preferred alternative. ...
Tangible Book Value Per Share (TBVPS)
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, and the tangible book value per share is calculated as follows: Explaining 'Tangible Book Value Per Share - TBVPS'...
Tax Anticipation Note (TAN)
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 anticipation notes to borrow money, typically for one year or less and at a low interest rate, in order to...