Financial Dictionary

This dictionary contains:
24549
financial terms

Ordinary and necessary expenses



Ordinary and necessary expenses

A tax provision for business expenses, it states that necessary business expenses are fully deductible as current expenses.

RELATED TERMS
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Deductible
An amount or period which must be deducted before an insurance payout or settlement is calculated.



SIMILAR TERMS
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Ordinary annuity
A series of fixed payments made at the end of each period over a fixed amount of time.

Ordinary income
The income derived from the regular operating activities of a firm or individual.

Ordinary interest
Interest based on a 360-day year instead of a 365-day year, resulting in what can be a significant difference.

Ordinary shares (GB) or common stock (US)
Fixed units of a company's share capital that usually pay a dividend and have voting rights.

Ordinary trade
A term used by the London Stock Exchange to denote that a transaction does not have any other special trade designation.



PREVIOUS AND NEXT TERMS
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Order splitting
Breaking up orders so that they can be processed as small orders for execution by SOES. Prohibited by NASD.

Order ticket
A form detailing an order instruction that a customer gives an account executive.

Ordering costs
Costs that occur when an order is placed regardless of the size of the order.

Ordering rules
The order in which Roth IRA assets are distributed.

Orderly market
Any market in which the supply and demand are reasonably equal.

Ordinary and necessary expenses

Ordinary annuity
A series of fixed payments made at the end of each period over a fixed amount of time.

Ordinary income
The income derived from the regular operating activities of a firm or individual.

Ordinary interest
Interest based on a 360-day year instead of a 365-day year, resulting in what can be a significant difference.

Ordinary shares (GB) or common stock (US)
Fixed units of a company's share capital that usually pay a dividend and have voting rights.

Ordinary trade
A term used by the London Stock Exchange to denote that a transaction does not have any other special trade designation.

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This dictionary contains 24549 terms.


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