Tag: expenses
Impound
What is 'Impound' An account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, private mortgage insurance and...
Inbound Cash Flow
What is 'Inbound Cash Flow' Any currency that a company or individual receives through conducting a transaction with another party. Inbound cash...
Identity Fraud Reimbursement Program
What is 'Identity Fraud Reimbursement Program' A financial product that offers reimbursment for the costs associated with having been a victim of...
Offer In Compromise
DefinitionThe Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax...
Oil Services Industry ETF
What is 'Oil Services Industry ETF' A sector exchange-traded fund (ETF) that invests in companies engaged in providing services such as drilling...
Absorption Costing
DefinitionTotal absorption costing is a method of Accounting cost which entails the full cost of manufacturing or providing a service. TAC includes not just...
Above The Line Deduction
DefinitionIn the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his...
Above-The-Line Costs
What is 'Above-The-Line Costs' Costs incurred during the production of an advertising commercial that are associated with the creative side of it....
Ratable Accrual Method
What is 'Ratable Accrual Method' A method for determining when and how much income was earned over a period of time. The...
Sacred Cow
What is 'Sacred Cow' A firmly held mainstream belief that is considered to be true without independent verification. In finance, and in...