by Action Tax | Glossary
Zero Coupon Bond A bond that makes no periodic interest payments, but sells at a deep discount from its face value. At the maturity date, the investor receives the face value of the bond plus the interest that has accrued.
by Action Tax | Glossary
Yield An investment’s annual gain or loss. Yield is generally expressed as a percentage. Yield to Maturity (YTM) The total return on a long-term interest-bearing investment, such as a bond, that is held until its maturity...
by Action Tax | Glossary
Waiver of Premium An insurance policy rider that waives premium payments if the insured becomes permanently disabled. Walk-In Electronic Filing If you need help preparing your taxes visit the Volunteer Income Tax Assistance (VITA) office nearest you. Many VITA offices...
by Action Tax | Glossary
Valuation Day A date established by law as the basis of one method of valuation for the calculation of capital gains or losses for income tax purposes. Variable Interest Rate An interest rate that fluctuates according to a measure or an index. Variable rates on loans...
by Action Tax | Glossary
Ultra Vires Traditionally, the purpose of a corporation was closely spelled out in its articles of incorporation. If the corporation acted beyond its described purposes these actions were unenforceable against the corporation or by the corporation. However, most...
by Action Tax | Glossary
Tangible Asset Anything that has a value and physically exists, such as land, machines, equipment or currency. Tariff Duty A tax on imports collected by state custom authorities. Tax Avoidance Legal minimization of the impact of taxation. Tax Credit A...
