SUBCHAPTER S Definition

Bookmark and Share

SUBCHAPTER S is a legal corporate entity organized under the United States Federal Tax Code that allows Subchapter S Corporations to distribute all income / loss proportionately to its shareholders, who then claim that income / loss on their personal income taxes; thereby avoiding the payment of corporate taxes.

Learn new Accounting Terms

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

INDENTURE is an agreement between lender and borrower which details specific terms of the bond issuance. Specifies legal obligations of bond issuer and rights of bondholders. There is usually a indenture document spelling out the specific terms of a bond as well as the rights and responsibilities of both the issuer of the security and the holder.

Suggest a Term

Enter Search Term

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