Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "T"

Displaying next 120 results of 491
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.
Tax-sheltered Annuity
Definition: A type of retirement plan under Section 403(b) of the Internal Revenue Code that permits employees of public educational organizations or tax-exempt organizations to make before-tax contributions via a salary reduction agreement to a tax-sheltered retirement plan. Employers are also allowed to make direct contributions on behalf of employees.
Tax-timing Option
Definition: The option to sell an asset and claim a loss for tax purposes or not sell the asset and defer the capital gains tax.
Taxable Acquisition
Definition: A merger or consolidation that is not a acquisition. The selling shareholders are treated as having sold their shares.
Taxable Equivalent Yield
Definition: The return from a higher-paying but taxable investment that would equal the return from a tax-free investment. This depends on the investor's tax bracket.
Taxable Estate
Definition: That portion of a deceased person's estate that is subject to transfer tax.
Taxable Event
Definition: An event or transaction that has a tax consequence, such as the sale of stock holding that is subject to capital gains taxes.
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