ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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RETROACTIVE Definition
RETROACTIVE is to affect and modify things past, e.g. a retroactive tax increase.
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TARE WEIGHT is the weight of packing container and packaging material without the weight of the goods contained therein.
LOAN TO VALUE RATIO, in real estate, is the percentage value for the relationship between the amount of the mortgage loan and the appraised value of the property. Loan-to-value ratio is expressed to a potential purchaser of a property in terms of the percentage a lending institution is willing to finance.
