Account Ad Valorem Duty


 

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Account Ad Valorem Duty

An imported merchandise tax expressed as a percentage.



Account Ad Valorem Duty

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Individual retirement account

Individual retirement account

In the US, a tax-deferred retirement savings account which may be set up by people in employment. IRA contributions are tax deductible irrespective of income if neither spouse is a member of a qualified plan or trust. A person who is a member of a qualified plan may still deduct IRA contributions providing adjusted gross income is below a certain level. Although savings grow tax free over the term of the plan, when pension benefits are taken, they will be liable to tax.


Joint account

Joint account

An agreement between two or more firms to share risk and financing responsibility in purchasing or underwriting securities, or an account owned jointly by two or more persons at a bank or brokerage house.


Cost accounting

Cost accounting

A branch of accounting that provides information to help the management of a firm evaluate production costs and efficiency.


Current account

Current account

A bank account which offers a number of facilities including cheque book for debt settlement, deposits, direct debits and where applicable, overdrafts. This type of account is normally used for ongoing transactions (for example monthly direct debits and writing of cheques etc.) as opposed to a deposit account.A balance of payments account listing transactions other than capital movement.An account listing transactions between trading companies.


Loan account

Loan account

An account, opened for a customer by a bank, following the granting of a loan. The amount of the loan is credited to the customer's current account and similarly debited to the loan account. An arrangement is subsequently made for the customer to repay the loan, usually over a stated period of time, with interest additionally being paid on the outstanding amount.


Further Suggestions

nominee account
Current account deficit
Cumulative Translation Adjustment (CTA) account
Statement of Financial Accounting Standards No 8
Negotiable Order of Withdrawal Account (NOW)
Mixed account
Capital account surplus
joint account
House account
Unmargined account
Capital account deficit
account sale
Regulatory accounting procedures (RAP)
Automated Customer Account Transfer (ACAT)
Current account surplus
Account executive
Accounts receivable
Sweep account
books of account
budget account
Capital Builder Account (CBA)
Inflation accounting
Current account
Escrow account
Open account


 
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