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Browsing by the letter "I"
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Income Tax
Definition: A state or federal government's levy on individuals as personal income tax and on the earnings of corporations as corporate income tax.
Definition: A state or federal government's levy on individuals as personal income tax and on the earnings of corporations as corporate income tax.
Income Taxes
Definition: Taxes on income, both earned (salaries, wages, tips, commissions) and unearned (interest, dividends). Income taxes can be levied on both individuals (personal income taxes) and businesses (business and corporate income taxes).
Definition: Taxes on income, both earned (salaries, wages, tips, commissions) and unearned (interest, dividends). Income taxes can be levied on both individuals (personal income taxes) and businesses (business and corporate income taxes).
Incontestability Clause
Definition: Clause in a life insurance contract preventing the insurer from revoking the policy after it has been in force for a year or two. If the life insurance company discovers any important facts that the policyholder may have concealed, such as experiencing a stroke.
Definition: Clause in a life insurance contract preventing the insurer from revoking the policy after it has been in force for a year or two. If the life insurance company discovers any important facts that the policyholder may have concealed, such as experiencing a stroke.
Inconvertibility
Definition: The inability of a local currency to be exchanged for another currency. Often includes transfer risk.
Definition: The inability of a local currency to be exchanged for another currency. Often includes transfer risk.
Incorporated Joint Venture
Definition: A joint venture in which the legal means of dividing the project's equity by shareholdings in a company.
Definition: A joint venture in which the legal means of dividing the project's equity by shareholdings in a company.
Incorporation
Definition: A legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation.
Definition: A legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation.
Incoterms
Definition: Trade terms used worldwide to specify seller and buyer obligations in shipments against international sales contracts. These terms are adopted by the International Chamber of Commerce (ICC) for international movement of merchandise. Since they in themselves are not law, they must be specified if desired in quotations, sales contracts, purchase orders and commercial invoices.
Definition: Trade terms used worldwide to specify seller and buyer obligations in shipments against international sales contracts. These terms are adopted by the International Chamber of Commerce (ICC) for international movement of merchandise. Since they in themselves are not law, they must be specified if desired in quotations, sales contracts, purchase orders and commercial invoices.
Incremental Cash Flows
Definition: Difference between the firm's cash flows with and without a project.
Definition: Difference between the firm's cash flows with and without a project.
Incremental Cost Of Capital
Definition: Average cost applicable to the issue of each additional unit of debt and equity.
Definition: Average cost applicable to the issue of each additional unit of debt and equity.
Incremental Costs And Benefits
Definition: Costs and benefits that would occur if a particular course of action is taken, compared to those that would have obtained if that course of action had not been taken.
Definition: Costs and benefits that would occur if a particular course of action is taken, compared to those that would have obtained if that course of action had not been taken.
Incremental Internal Rate Of Return
Definition: Internal rate of return (I.R.R.) on the incremental investment from choosing a larger instead of a smaller project.
Definition: Internal rate of return (I.R.R.) on the incremental investment from choosing a larger instead of a smaller project.
Indemnification
Definition: Used in insurance policy agreements as to compensation for damage or loss. In the context of corporate governance, Director Indemnification uses the bylaws and/or charter to indemnify officers and directors from certain legal expenses and judgements resulting from lawsuits pertaining to their conduct.
Definition: Used in insurance policy agreements as to compensation for damage or loss. In the context of corporate governance, Director Indemnification uses the bylaws and/or charter to indemnify officers and directors from certain legal expenses and judgements resulting from lawsuits pertaining to their conduct.
Indemnify
Definition: Used in insurance policy agreements as to compensation for damage or loss. Hold harmless
Definition: Used in insurance policy agreements as to compensation for damage or loss. Hold harmless
Indenture
Definition: Agreement between lender and borrower that details specific terms of the bond issuance. Specifies legal obligations of bond issuer and rights of bondholders. An indenture spells out the specific terms of a bond, as well as the rights and responsibilities of both the issuer of the security and the holder.
Definition: Agreement between lender and borrower that details specific terms of the bond issuance. Specifies legal obligations of bond issuer and rights of bondholders. An indenture spells out the specific terms of a bond, as well as the rights and responsibilities of both the issuer of the security and the holder.
Independent Auditor
Definition: A certified public accountant operating outside the company who can provide an accountant's opinion.
Definition: A certified public accountant operating outside the company who can provide an accountant's opinion.
Independent Broker
Definition: NYSE member who executes orders for floor brokers and firms other than its own.
Definition: NYSE member who executes orders for floor brokers and firms other than its own.
Independent Contractor
Definition: Performs services for others. The recipients of the services do not control the means or methods the independent contractor uses to accomplish the work. The recipients do control the results of the work; they decide whether the work is acceptable. Independent contractors are self-employed.
Definition: Performs services for others. The recipients of the services do not control the means or methods the independent contractor uses to accomplish the work. The recipients do control the results of the work; they decide whether the work is acceptable. Independent contractors are self-employed.
Independent Investments
Definition: Investments available to a firm that may be selected individually or in groups because each investment is different in its nature and purpose.
Definition: Investments available to a firm that may be selected individually or in groups because each investment is different in its nature and purpose.
Independent Project
Definition: A project whose acceptance or rejection is independent of the acceptance or rejection of other projects.
Definition: A project whose acceptance or rejection is independent of the acceptance or rejection of other projects.
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