Super Finance Glossary

Finance

Over 10,000 financial glossary terms...

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Browsing by the letter "T"

Displaying next 80 results of 490
Tax Audit
Definition: Audit by the IRS or other tax-collecting agency to determine whether a taxpayer has paid the correct amount of tax.
Tax Avoidance
Definition: Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters, IRA accounts, and trusts. Compare with tax evasion.
Tax Base
Definition: The assessed value of the taxable property, assets, and income within a specific geographic area.
Tax Basis
Definition: In the context of finance, the original cost of an asset less depreciation that is used to determine gains or losses for tax purposes.
Tax Books
Definition: Records kept by a firm's management that follow IRS rules. The books follow Financial Accounting Standards Board rules.
Tax Bracket
Definition: The percentage of tax obligation for a particular taxable income.
Tax Clawback Agreement
Definition: An agreement to contribute as equity to a project the value of all previously realized project-related tax benefits not already clawed back. Exercised to the extent required to cover any cash deficiency of the project.
Tax Clientele
Definition: Categories of investors who have specific preferences for debt or equity because of differences in their personal tax rates.
Tax Code
Definition: The official body of tax laws and regulations.
Tax Credit
Definition: A direct dollar-for-dollar reduction in tax allowed for expenses such as child care and R&D for building low-income housing. Compare tax deduction.
Tax Credit, Tax Depreciation, Tax Relief
Definition: Tax incentive programs designed to encourage, stimulate, or subsidize the ownership of real estate.
Tax Cut
Definition: A reduction in the amount of taxes taken by the government.
Tax Deduction
Definition: An expense that a taxpayer is allowed to deduct from taxable income.
Tax Deferral Option
Definition: Allowing the capital gains tax on an asset to be payable only when the gain is realized by selling the asset.
Tax Differential View (of Dividend Policy)
Definition: The view that shareholders prefer capital gains over dividends, and hence low payout ratios, because capital gains are effectively taxed at lower rates than dividends.
Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA)
Definition: Legislation to increase tax revenue by eliminating various taxation loopholes and instituting tougher enforcement procedures in collecting taxes.
Tax Evasion
Definition: Illegal by reducing tax burden by underreporting income, overstating deductions, or using illegal tax shelters.
Tax Exemption
Definition: A part of a person's income on which no tax is imposed.
Tax Free Acquisition
Definition: A merger or consolidation in which (1) the acquirer's tax basis on each asset whose ownership is transferred in the transaction is generally the same as the acquiree's, and (2) each seller who receives only stock does not have to pay any tax on the gain realized until the shares are sold.
Tax Haven
Definition: A nation with a moderate level of taxation and/or liberal tax incentives for undertaking specific activities such as exporting or investing.
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