credit costs
51Federal Credit Union - FCU — A credit union chartered and supervised by the National Credit Union Association (NCUA), a federal government agency that functions much like the FDIC. Federal credit unions operate like retail banks with one major exception: every credit union… …
52closing costs — Expenses which must be paid in addition to the purchase price on the sale of real estate. Closing costs with respect to a debt secured by an interest in land include: (a) fees or premiums for title examination, title insurance, or similar… …
53closing costs — Expenses which must be paid in addition to the purchase price on the sale of real estate. Closing costs with respect to a debt secured by an interest in land include: (a) fees or premiums for title examination, title insurance, or similar… …
54Adoption tax credit — Adoption Tax CreditSection 23 of the Internal Revenue code offers a credit for “qualified adoption expenses” paid or incurred by individual taxpayers. The credit is nonrefundable, thus, it can only decrease a taxpayers tax liability to zero.… …
55Adoption Credit — A federal tax credit that may be claimed by federal taxpayers who incur qualifying expenses, such as adoption fees, court costs, attorney fees and travel expenses, to adopt an eligible child. To claim the credit, the taxpayer must submit adoption …
56Rehabilitation Tax Credit — A federal tax incentive to encourage real estate developers to renovate, restore and reconstruct old buildings. Buildings placed in service before 1936 are eligible for a 10% credit, and certified historic structures are eligible for a 20% credit …
57Commercial Credit — A pre approved amount of money issued by a bank to a company that can be accessed by the borrowing company at any time to help meet various financial obligations. Commercial credit is commonly used to fund common day to day operations and is… …
58Fuel Tax Credit — A federal subsidy that allows businesses to reduce their taxable income dollar for dollar based on specific types of fuel costs. There are several types of fuel credits. For example, a 2005 fuel credit to companies that produce biofuels provided… …
59Full Faith And Credit — A phrase used to describe the unconditional guarantee or commitment by one entity to back the interest and principal of another entity s debt. This full faith and credit commitment is typically employed by a government to help lower the borrowing …
60Consumer Credit Protection Act Of 1968 — Federal legislation that created disclosure requirements that must be followed by consumer lenders such as banks, credit card companies and auto leasing firms. Pursuant to the act, consumer lenders were required to inform consumers about annual… …
