INTERPERIOD EQUITY Definition

Bookmark and Share

INTERPERIOD EQUITY is a government's obligation to disclose whether current-year revenues were sufficient to pay for current-year benefits, or did current citizens defer payments to future taxpayers, i.e. it refers to whether current-year revenues are sufficient to pay for the services provided that year and whether future taxpayers will be required to assume burdens for services previously provided.

Learn new Accounting Terms

COMPTROLLER is the misspelling of the word CONTROLLER caused by confusion in the root of the word in French and Latin. Comptroller is sometimes used within titles in the government, e.g. Comptroller of the Currency.

NON-DISCRETIONARY means it is mandatory, not up to the individual or company.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.