Tag: property
Tax Cheat
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...
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...
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,...
Underinsured Motorist Endorsement
What is 'Underinsured Motorist Endorsement' An added provision or attachment to an automobile insurance policy that provides insurance coverage to the policyholder...
Tax Deduction
What is a tax deduction and how does it work
A tax deduction is an expense that can be subtracted from your taxable income. This...
Underwater Mortgage
Home Ownership by Country Underwater Mortgage Underwater mortgage is a mortgage loan whose balance is higher than the fair market value of the home....
Uncollected Funds
What is 'Uncollected Funds' The amount of a bank deposit that comes from checks that have yet to be cleared by the...
Umbrella Insurance Policy
What is Umbrella Insurance and what does it cover
An Umbrella insurance policy is an insurance policy that provides additional coverage beyond the limits of...
Umbrella Personal Liability Policy
What is 'Umbrella Personal Liability Policy' A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts...
Unadjusted Basis
What is 'Unadjusted Basis' A basis used for depreciation purposes. Unadjusted basis uses the original cost of property or equipment without regard...