MODIFIED ACCELERATED COST RECOVERY SYSTEM Definition

Bookmark and Share

MODIFIED ACCELERATED COST RECOVERY SYSTEM (MACRS) is a system used in accounting to define the rate and method under which a fixed asset will be depreciated for tax purposes.

Learn new Accounting Terms

SEGREGATED FUND is a pooled investment fund, much like a mutual fund, established by an insurance company and segregated from the general capital of the company. Its chief distinction from a mutual fund is its guarantee that, regardless of fund performance, at least a minimum percentage of the investors payments into the fund will be returned when the fund matures.

PPBS is PPBS is Program Planning Budgeting System.

Suggest a Term

Enter Search Term

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