Tag: equipment

What is 'Tangible Personal Property' Tangible personal property is a tax term describing personal property that can be physically relocated, such as...

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

What is 'UCC-1 Statement' One of the standard mortgage documents listed in the Uniform Commercial Code. The UCC-1 Statement lists and describes...

What is 'Gator' The name of a software company best known for its adware products. Adware is pop-up interest advertising and Gator...

What is depreciation and how does it work Depreciation is an accounting method used to spread the cost of a long-term asset over its useful...

What is 'Heavy' A market that is demonstrating difficulty in advancing and is displaying a tendency to decline. A heavy market may...

DefinitionThe National Bank Surveillance System is a computerized, off-site monitoring system developed by the U.S. Office of the Comptroller of the Currency "to assist...

What is 'Lease Balance' The amount of money that a customer owes under the terms of a vehicle lease contract. The lease...

DefinitionA lease option is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant...

What is 'Economic Depreciation' Economic depreciation is a measure of the decrease in value of an asset over time. This form of...