ADVANCE DETERMINATION RULING - ADR
An Internal Revenue Service's ruling or decision issued to a taxpayer with a regard to a pricing matter or taxation. Normally, IRS usually address transactions that have already occurred on its determination letters, they may also be given on the tax consequences of proposed transactions thus arriving to the term "advance." It is also referred as "Advance Pricing Agreement."
POPULAR TERMS
Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
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