PROGRESSIVE TAX Definition

Bookmark and Share

PROGRESSIVE TAX is an income tax system to where the more income that is made the higher the tax percentage that must be paid.

Learn new Accounting Terms

DEBIT NOTES are issued to indicate a short payment.

MARGIN ACCOUNT (Stocks) is a leverageable account in which stocks can be purchased for a combination of cash and a loan. The loan in the margin account is collateralized by the stock and, if the value of the stock drops sufficiently, the owner will be asked to either put in more cash, or sell a portion of the stock. Margin rules are federally regulated, but margin requirements and interest may vary among broker/dealers.

Suggest a Term

Enter Search Term

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