SPECIFIC IDENTIFICATION INVENTORY VALUATION METHOD
Specific identification inventory valuation method is the means of doing inventory to ensure all items are on track. This method is most often utilized with larger items namely vehicles, appliances, and furniture. However, it may also be utilized in keeping track of certain securities. What this method does is pick a certain lot of securities that will be the basis for a sale in order to cut down and even offset capital gains.
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Clearing Fee
Fee a clearing house charges for its services. Often associated with futures trading, it include both brokerage fee and clearing fee.
Real Estate Investment Trust - REIT
A security that sells like a stock on the major exchanges and invests in real estate directly, either through properties or mortgages. REITs receiv ...
Sweetheart Deal
Agreement, merger, or sale in which one party offers the other party a very appealing terms and conditions. Normally, the terms and conditions are ...
Filing Status
A category that determines the type of tax return form a person will use.
The five filing statuses are:
Single filer
Electronic Funds Transfer Act
Federal law which gives protection to consumers engaged in transferring funds through electronic methods. The methods include debit cards, automati ...
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