Half-Year Convention For Depreciation What is the 'Half-Year Convention For Depreciation' The half-year convention for depreciation is the depreciation schedule that treats all property ac

Incentive Stock Option (ISO) What is an 'Incentive Stock Option - ISO' An incentive stock option (ISO) is a type of employee stock option with a tax benefit, when you exercise, of not havi

Nationally Recognized Statistical Ratings Organization (NRSRO) What is 'Nationally Recognized Statistical Ratings Organization - NRSRO' The formal term to describe credit rating agencies t

DefinitionAccelerated depreciation refers to any one of several methods by which a company, for 'financial accounting' or tax purposes, depreciates a fixed asset in such a way that the amoun

Accelerated Cost Recovery System (ACRS) What is 'Accelerated Cost Recovery System - ACRS' A system of depreciation introduced by the Economic Recovery Tax Act of 1981. ACRS depreciation is

Canadian Income Trust What is 'Canadian Income Trust' A type of corporate structure as designated by the Canada Revenue Agency that operates as a profit-seeking corporation. This type of c

Canadian Originated Preferred Securities (COPrS) What is 'Canadian Originated Preferred Securities - COPrS' A long-term subordinated debt instrument issued in Canada. COPrS (pronounced "co

Parsonage Allowance What is 'Parsonage Allowance' An allowance designated by a church or other organization for its church professionals (clergy) for the expenses of providing and maintain

Qualified Disclaimer What is 'Qualified Disclaimer' A refusal to accept property that meets with provisions set forth in the Internal Revenue Code Tax Reform Act of 1976 allowing for the p

Qualified Personal Residence Trust (QPRT ) What is 'Qualified Personal Residence Trust – QPRT ' A specific type of trust that allows its creator to remove a personal home from his or her