IRS PUBLICATION 936
A document that gives information on reducing home mortgage interest. Released by the Internal Revenue Services (IRS), mortgage interest deductions are viewed as itemized deductions. It also elaborates what can be deducted as mortgage interest, explains how to claim the deduction, and outlines the limitations on the total amount that can be subtracted. Second mortgages, home equity loans, and lines of credit are some of the kinds of mortgages that can be considered for reduction.
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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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| 09:00 | Harmonized CPI | Oct |
