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FINANCIAL DICTIONARY & GLOSSARY: TA -
- the transfer of money from individuals and companies to finance
tax accounting - calculating an individual's or a company's liabilities for tax.
tax avoidance - the practice of reducing tax liabilities to a minimum by legal means.
tax deductible - describes business expenses, donations to charity, etc. that can be subtracted from taxable income.
tax evasion - the practice of making false tax declarations (which is of course illegal).
tax haven - a financial center offering low taxes to non-residents, in which multinational companies are encouraged to set up offices.
tax loss - a way of avoiding taxation by bringing forward capital expenditure into a tax year.
tax shelter - a way of reducing or postponing taxation, by spending income on a pension plan, a life insurance policy, etc.
tendering or competitive bidding - making an offer for a contract, without knowing what price competitors are offering.
tertiary sector of the economy - services, including commerce, marketing, banking, communications, transport, health care, education, etc.
third party insurance - see liability insurance.
thrift - see savings and loan association.
tight money or dear money - is expansive money, when interest rates are high and loans are hard to obtain.
time and a half - overtime paid at 150% of the normal wage.
time-period principle or accounting-period assumption - financial data must be reported for particular (short) periods.
trade - to buy and sell; buying and selling.
trade barriers - ways of restricting the amount of imports.
trade cycle - see business cycle.
trade discount - price charged by manufactures to wholesalers, and wholesalers to retailers, obviously below the retail price.
trade-off - an exchange between two variables, such as quick sales and long-term growth, or unemployment and inflation.
trader - person or organization that earns money by buying goods, commodities, securities, etc. and selling them at a profit.
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FINANCIAL DICTIONARY & GLOSSARY SHORT INDEX
a-ac, ac-am, am-as, as-ba, ba-be, be-br, br-cap, cap-cas, ce-col, col-com, com-cor, cor-cu, cu-deb, deb-dem, dep-dis, dis-du, du-em, em-ex, fa-fi, fi-fr, fr-ge, ge-gr, ha-im, im-ine, inf-int, int-inv, inv-la, la-li, li-lo, lo-mar, mar-mark, mat-mo, mo-na, na-od, of-ou, ov-pa, pa-po, po-pri, pri-pro, pro-qu, qu-red, red-res, res-sa, sa-sh, sh-sta, sta-sto, str-ta, ta-tr, tr-un, un-va, va-we, we-zz
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