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
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,...