RETROACTIVE Definition

Bookmark and Share

RETROACTIVE is to affect and modify things past, e.g. a retroactive tax increase.

Learn new Accounting Terms

CAPITAL IN EXCESS OF PAR see ADDITIONAL PAID IN CAPITAL.

DIVIDEND RECEIVED DEDUCTION is the reduction of dividend income from the taxable income of the investing corporation, as provided in section 301 of the Internal Revenue Code. Currently, 70% of dividends received from nonaffiliated corporations may be excluded from taxable income.

Suggest a Term

Enter Search Term

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