Super Finance Glossary

Finance

Over 10,000 financial glossary terms...

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Browsing by the letter "T"

Displaying next 120 results of 490
Tax Shield
Definition: The reduction in income taxes that results from taking an allowable deduction from taxable income.
Tax Shift
Definition: The process that occurs when a tax that has been levied on one person or group is in fact paid by others.
Tax Software
Definition: Computer software designed to assist taxpayers in filling out tax returns and minimizing tax liability.
Tax Status Election
Definition: The decision of the status under which to file a tax return. For example, a corporation may file as a C corporation or an S corporation.
Tax Straddle
Definition: Technique used in futures and options trading to create tax benefits. For example, an investor with a capital gain takes a position creating an artificial offsetting loss in the current tax year and postponing a gain from the position until the next tax year.
Tax Swap
Definition: Swapping two similar bonds to receive a tax benefit.
Tax Umbrella
Definition: Tax loss carryforwards from previous business losses that form a tax shelter for profits earned in current and future years.
Tax-deductible
Definition: The effect of creating a tax deduction, such as charitable contributions and mortgage interest.
Tax-deferred Income
Definition: Dividends, interest, and unrealized capital gains on investments in an account such as a qualified retirement plan, where income is not subject to taxation until a withdrawal is made.
Tax-deferred Retirement Plans
Definition: Employer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits.
Tax-equivalent Yield
Definition: The pre-tax yield required from a taxable bond in order to equal the tax-free yield of a municipal bond.
Tax-exempt Bond
Definition: A bond usually issued by municipal, county, or state governments whose interest payments are not subject to federal and, in some cases, state and local income tax.
Tax-exempt Income
Definition: Dividends and interest not subject to federal and, in some cases, state and local income taxes.
Tax-exempt Income Fund
Definition: A mutual fund that seeks income that is exempt from federal and, in some cases, state and local income taxes.
Tax-exempt Interest Income
Definition: Interest income that is not subject to income tax. Tax-exempt interest income is earned from bonds issued by states, cities, or counties and the District of Columbia.
Tax-exempt Money Market Fund
Definition: A money market fund that invests in short-term tax-exempt municipal securities.
Tax-exempt Sector
Definition: The municipal bond market where state and local governments raise funds. Bonds issued in this sector are exempt from federal income taxes.
Tax-exempt Security
Definition: An obligation whose interest is tax-exempt, often called a municipal bond, offered by a country, state, town, or any political district.
Tax-free Exchange
Definition: A transaction in which a property is traded for the promise to provide a replacement like-kind property in the near future. Sometimes referred to as a Section 103 exchange.
Tax-neutrality
Definition: Characteristic that taxes do not interfere with the natural flow of capital toward its most productive use.
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