Tag: capital

What is 'Tandem Loan' Two loans taken out on one asset, which is usually a house; the secondary loan is normally added...

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...

What is a 'Tariff' A tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the...

What is 'Tax Attribute' A type of loss or tax credit that must be reduced as a result of the exclusion of...

What is 'Take-Out Lender' A type of financial institution that provides a long-term mortgage on property. This mortgage will replace interim financing,...

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...

DefinitionU.S. tax accounting refers to accounting for tax purposes in the United States. Unlike most countries, the United States has a comprehensive set of...

What is a tax cheat and why do they do it A tax cheat is someone who doesn't pay their taxes, or who pays less...

What is 'Takeout Value' The estimated value of a company if it were to be taken private or acquired. A firm's takeout...

DefinitionA tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total...