balance-sheet liability
111Tax expense — At its simplest, a company s tax expense, or tax charge, as it sometimes called, is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically… …
112Deferred Acquisition Costs — (DAC) is a term commonly used in the insurance business. It describes the practice of deferring the cost of acquiring a new customer over the duration of the insurance contract. Insurance companies face large upfront costs incurred in issuing new …
113Credit Easing — Policy tools used by central banks to make credit more readily available in the event of a financial crisis, such as the one experienced in 2007 2008. In the United States, the policy tools, as described by Federal Reserve Chairman Ben Bernanke… …
114Current Portion Of Long-Term Debt (CPLTD) — A portion of the balance sheet that represents the total amount of long term debt that must be paid within the next year. The balance sheet has a liability section, which is broken down into long term and current debt. When a debt payment is set… …
115book value — The value at which an asset is carried and reported on the owner s balance sheet. For debt securities, the current book value may be the purchase price plus accretion ( in the case of securities purchased at a discount) or the purchase price… …
116hidden reserve — Funds held in reserve but not disclosed on the balance sheet (they are also known as off balance sheet reserves or secret reserves). They arise when an asset is deliberately either undisclosed or undervalued. Such hidden reserves are permitted… …
117Hire purchase — (abbreviated HP) is the legal term for a contract, in this persons usually agree to pay for goods in parts or a percentage at a time. It was developed in the United Kingdom and can now be found in China, Japan, Malaysia, India, South Africa,… …
118Wrongful trading — is a principle of UK insolvency law. It was introduced to enable contributions to be obtained for the benefit of creditors from those responsible for mismanagement of the insolvent company. The Insolvency Act 1986The principle of wrongful trading …
119General Motors Chapter 11 reorganization — The General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through section 363 of Chapter 11, Title 11, United States Code in the United States Bankruptcy Court for the… …
120Tax — Taxation An aspect of fiscal policy …
