Deductive - Law Dictionary Search Results
debt
securing the debt compare preference bad debt : a debt that cannot be collected NOTE: An income tax deduction is allowed for bad debts. consumer debt : debt that is incurred by an individual primarily for the
IRA
not taxable until retirement or early withdrawal NOTE: Deposits to an IRA may not be completely or partially deductible from adjusted gross income if one's income exceeds a set level.
interest
at such a rate [awarded the defendant legal interest] compare usury qualified residence interest : interest that is deductible from adjusted gross income under federal tax law when it is paid on debt that is secured by
Keep your definitions linked to case research
front end ratio
cost to buy a house (mortgage principal and interest, insurance, and real estate taxes) to monthly income before deductions. Source: U.S. Department of Housing and Urban Development
franchise
an insurance contract below which an insurer disclaims liability and above which the insurer assumes total liability compare deductible b : group insurance covering fewer than the minimum number of participants required by law for such coverage
floor
an assembly [the senator from Utah has the ] 2 : a lower limit [a five percent on deductions for medical expenses]
exclusion
from tax liability [a $10,000 annual per donee for gifts "W. M. McGovern, Jr. et al."] compare credit, deduction, exemption ex·clu·sion·ary [-zhə-ner-ē] adj
earnings
or the use of capital 2 : the balance of revenue for a specified period that remains after deducting related costs and expenses incurred compare profit
disposable income
disposable income : income available for disposal: as a : the income remaining to an individual after deduction of taxes b : the income of a debtor in bankruptcy that is not necessary to support the
discount rate
discount rate 1 : the interest on an annual basis deducted in advance on a loan 2 : the interest levied by the Federal Reserve for advances and rediscounts
- ‹ Prev
- 8
- 9
- 10
- 11
- 12
- 14
- 15
- 16
- 17
- 18
- Next ›
- Last »
Try the research workspace - 7 days free