ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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TAX Definition

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TAX is a charge against a legal entitys person or property or activity for the support of government, e.g. income taxes, sales taxes, duties and levies.

 

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NONCALLABLE is a bond exempt from call by the issuer for a stated period of time.

HORIZONTAL COMBINATION is a business combination of companies with similar functions in the production or sale of comparable products.


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