SKIP PERSON Definition

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SKIP PERSON is a transfer of property to a person who is in a generation below a child of the transferor, referred to as a "skip" person, typically a grandchild or great grandchild.

Learn new Accounting Terms

FHLMC see FEDERAL HOME LOAN MORTGAGE CORPORATION.

LEVERAGE RATIOS measures the relative contribution of stockholders and creditors, and of the firms ability to pay financing charges. Value of firms debt to the total value of the firm.

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