Related Words

Extraordinary Item: Early redemption of a revenue bond because the revenue source paying the interest on the bond has been eliminated or has disappeared.

Noncash Items: Items included in the determination of net income on an accrual basis that do not affect cash: examples are depreciation and amortization.

Itemized Deduction: Specific deductions allowed by the IRS outlined in the tax return.

Prepaid Items: On a closing statement, items that have been paid in advance by the seller, such as insurance premiums and some real estate taxes, for which he or she must be reimbursed by the buyer.

Whitemail: White knight who buys less than a majority interest.

Tax Preference Item: Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer.

Guardian ad Litem: A lawyer or lay person who represents a child in juvenile or family court. Usually this person considers the 'best interest' of the child and may perform a variety of roles, including those . . . View Full Definition

Google Sitemaps: Program which webmasters can use to help Google index their contents. Please note that the best way to submit your site to search engines and to keep it in their search indexes is to build h . . . View Full Definition

Counterpart Items: Stocks whose price tends to rise when the economy is in recession or the market is bearish, and vice versa.

Cash-Equivalent Items: An accounting book that is composed of cash receipts plus disbursements. This balance is posted to the cash account in the ledger.