USE TAX Definition

Bookmark and Share

USE TAX is a tax on the storing, using, consuming, and sometimes distributing tangible personal property or providing a taxable service, i.e. you will be subject to the use tax in the state where that event occurs.

Learn new Accounting Terms

REPURCHASE AGREEMENT (REPO) is a contract in which an investor or securities dealer sells a United States security to a bank or other corporation and agrees to repurchase the security later at a specified time and price, including interest. The investment period ranges from one day to several months, and the purchaser earns interest competitive with money market rates.

RISK-FREE RATE is the rate of return available in the market on an investment free of default risk.

Suggest a Term

Enter Search Term

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