Tag: rules

Nanny Tax

DefinitionThe combination of payroll taxes withheld from a household employee and the employment taxes paid by their employer are commonly referred to as the...

Mark to Market

DefinitionMark-to-market or fair value accounting refers to accounting for the "fair value" of an asset or liability based on the current market price, or...
Omnibus account

Omnibus Account

What is an Omnibus Account An Omnibus account is a single account that is used to hold securities for multiple clients. The account is maintained...

Absolute Priority

What is an 'Absolute Priority' An absolute priority is a rule that stipulates the order of payment - creditors before shareholders -...

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...

Roth IRA

Roth IRA can be defined as a tax advantage retirement account. It is offered by the U.S. government. This account includes stocks, bonds, Certificate...

Safety-First Rule

What is 'Safety-First Rule' Within the context of post-modern and modern portfolio theory, a safety-first rule involves creating a portfolio based on...

Balance Protection

Balance Protection What is 'Balance Protection ' The optional coverage on an existing credit card account. Typically, the fee for the...

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...

Cost basis

DefinitionBasis, as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When property is sold,...

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