Inland Revenue: The government department responsible to the Treasury for the collection of direct taxes which include income tax, capital gains tax and inheritance tax etc.

 

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Inland Revenue: The government department responsible to the Treasury for the collection of direct taxes which include income tax, capital gains tax and inheritance tax etc.

Revenue: Revenue is the money you collect for providing a product or service. Revenue is different from earnings, which is what's left of your revenue after subtracting the costs of producing or deli . . . View Full Definition

Revenue Insurance: A crop insurance program that provides coverage to producers against lost revenues (or incomes) caused by low prices, low yields, or a combination of low prices and low yields. An indemnity . . . View Full Definition

Revenue Recognition Principle: The idea that revenues should be recorded when (1) the earnings process has been substantially completed and (2) an exchange has taken place.

Revenue Fund: A fund accounting for all revenues from an enterprise financed by a municipal revenue bond.

Revenue Bond: Revenue bonds are municipal bonds issued to finance public projects, such as airports and roadways. The bonds are backed by revenue to be generated by the project. For example, if the constr . . . View Full Definition

Revenue Account: An investment trust term referring to analysis of investment income.

Adjusted Gross Revenue (AGR) Pilot Program: A pilot revenue insurance program first implemented in 1999 by USDA on a limited basis. It allows farmers to receive a guarantee of a percentage of their revenue for multiple commodities, in . . . View Full Definition

Revenue Assurance (RA): A form of revenue insurance that protects a grower of an insurable crop whenever low prices, low yields, or a combination of both causes revenue to fall below a guaranteed level selected by . . . View Full Definition

Revenue Reconciliation Act Of 1993: Legislation created to reduce the federal budget deficit by cutting spending and increasing taxes.