Financial Dictionary

This dictionary contains:
24549
financial terms

Absolute physical life




Absolute physical life

The period of use after which an asset has deteriorated to such an extent that it can no longer be used.

RELATED TERMS
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Asset
Is the taxable basis of a property, imposed by the municipality. Often it is at a fraction of the market value.



SIMILAR TERMS
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Absolute advantage
A person, company or country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another person, company or country.

Absolute form of purchasing power parity
A theory that prices of products of two different countries should be equal when measured by a common currency.

Absolute priority
Rule in bankruptcy proceedings requiring senior creditors to be paid in full before junior creditors receive any payment.

Absorbed
Used in context of general equities. Securities are "absorbed" as long as there are corresponding orders to buy and sell.



PREVIOUS AND NEXT TERMS
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ABC agreement
A contract between an employee and a brokerage firm outlining the rights of the firm purchasing an NYSE membership for that employee.

Ability to pay
1) The borrower's ability to make interest and principal payments on debts. 2) In context of municipal bonds, refers to the issuer's present and future ability to create sufficient tax revenue to fulfill its contractual obligations, accounting for municipal income and property values. 3) In context of taxation, notion that tax rates should be determined according to income or wealth.

Abnormal returns
The component of the return that is not due to systematic influences (market-wide influences); the difference between the actual return and that is expected to result from market movements (normal return).

Absolute advantage
A person, company or country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another person, company or country.

Absolute form of purchasing power parity
A theory that prices of products of two different countries should be equal when measured by a common currency.

Absolute physical life

Absolute priority
Rule in bankruptcy proceedings requiring senior creditors to be paid in full before junior creditors receive any payment.

Absorbed
Used in context of general equities. Securities are "absorbed" as long as there are corresponding orders to buy and sell.

Abusive tax shelter
A limited partnership that the IRS judges to be claiming tax deductions illegally.

ACATS
Is the Automated Customer Account Transfer Service.

Accelerated cost recovery system (ACRS)
Schedule of depreciation rates allowed for tax purposes.

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This dictionary contains 24549 terms.







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