annual liability
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annual accounting period — In determining a taxpayer s income tax liability, only those transactions taking place during a particular tax year are taken into consideration. For reporting and payment purposes, therefore, the tax life of taxpayers is divided into equal… … Black's law dictionary
annual accounting period — In determining a taxpayer s income tax liability, only those transactions taking place during a particular tax year are taken into consideration. For reporting and payment purposes, therefore, the tax life of taxpayers is divided into equal… … Black's law dictionary
annual exemption — An exempt transfer under inheritance tax legislation allowing £3000 to be given each year as a gift without liability to inheritance tax. This has remained unchanged since 6 April 1981. Husband and wife each have their own exemption. If the… … Accounting dictionary
Limited liability company — This article is about a U.S. specific business entity form. For limited liability companies in the United Kingdom, see Limited company. For a general discussion of entities with limited liability, see Corporation … Wikipedia
Domestic liability dollarization — (DLD) refers to the denomination of banking system deposits and lending in a currency other than that of the country in which they are held. It is important to note that DLD does not refer exclusively to denomination in US dollars, as DLD… … Wikipedia
Limited liability limited partnership — The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership, a form of business entity recognized under U.S. commercial law. An LLLP is a limited partnership and as such consists of one or more… … Wikipedia
civil liability — ➔ liability * * * civil liability UK US noun [C] (plural civil liabilities) LAW ► the legal responsibility of paying money for damage to another person s health, business, or property: »Company directors face criminal and civil liability for… … Financial and business terms
Compound Net Annual Rate - CNAR — The return on an investment after taking tax implications into consideration. The compound net annual rate (CNAR) is much like an investment s compound annual rate except that tax liability is taken into account. CNAR is a truer representation of … Investment dictionary
Tax Liability — The total amount of tax that an entity is legally obligated to pay to an authority as the result of the occurrence of a taxable event. Tax liability can be calculated by applying the appropriate tax rate to the taxable event s tax base. Taxable… … Investment dictionary
ground annual — in Scotland, and prior to 1974, a form of pecuniary real burden. A contract of ground annual was the sale of land to be paid for by annual payments in perpetuity. Apart from the burden in the transfer, the contract provides for a reconveyance in… … Law dictionary
