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T&E
is an acronym for Travel &
Entertainment.
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T&M
is Time and Materials.
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T&R
, among others, can mean: Technical
& Research or Termination & Recoupment.
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T-ACCOUNT
is the basis for journal
entry in accounting. T-accounts have three basic elements. A title, a
left side (debit side) and a right side (credit side). To make an entry
in a t-account, put the currency (dollar, pound, etc.) amount on the appropriate
side (debit or credit). There are five basic types of accounts: assets,
liabilities, equity, revenue and expenses. Assets, liabilities and equity
are the balance sheet accounts.
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T-BILL
see TREASURY BILL.
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T-NOTE
see TREASURY NOTE.
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T/T
is a payment or financial transaction
designation meaning "Telegraphic Transfer" of funds.
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TAFR
is Treasurer’s Annual Financial
Report.
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TAG-ALONG
is to go
along with.
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TAG-ALONG RIGHTS
is
a contractual obligation used to protect a minority shareholder (usually
in a venture capital deal). Basically, if a majority shareholder sells
their stake, then the minority shareholder has the right to join the
transaction and sell their minority stake in the company. Also referred
to as co-sale rights.
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TAINTED ACCOUNTS RECEIVABLE
is receivables
that are considered to be legally suspect due to acts of fraud, misuse,
or abuse.
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TAKE OR PAY AGREEMENT
is where a buyer
must pay for the contracted amount of the contracted item(s) delivered
whether or not he/she can take delivery.
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TAKEOVER
refers to one company (the
acquirer) purchasing another (the target). Such events resemble mergers,
but without the formation of a new company.
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TALLY SHEET
is a form for counting,
i.e. a form on which quantities are recorded, especially when conditions
make counting errors likely.
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TANGIBLE
normally refers to assets that can be
held or seen and that are capable of being appraised at an actual or approximate
value (e.g. inventory, land & buildings, etc.).
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TANGIBLE BOOK VALUE
is different than book value
in that it deducts from asset value intangible assets, which are assets
that are not hard (e.g., goodwill, patents, capitalized start-up expenses
and deferred financing costs).
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TANGIBLE CAPITAL
is a thrift institution's outstanding stock plus retained earnings. In 1989, the minimum tangible capital requirement for savings institutions was set at 1.5 percent of assets. See CORE CAPITAL and RISK-BASED CAPITAL.
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TANGO SHEETS
is a not often used slang
term refering to a document that compares forecasted financial data to
actual financial performance for the purposes of illegally adjusting the
reported financial data to more closely match the prior forecasted performance.
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TARE WEIGHT
is the weight of packing container
and packaging material without the weight of the goods contained therein.
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TARGET
is the goal intended to be
attained and which is believed to be attainable, e.g. sales target, margin
target, or profit target.
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TARGET COSTING
is a disciplined process
for determining and realizing a total cost at which a proposed product
with specified functionality must be produced to generate the desired
profitability at its anticipated selling price in the future.
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TARGET MARGIN
is the desired profit
on each sale; used to determine the selling price where the average total
cost is known.
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TARIFF
, usually, a country's tax on imports.
May sometimes refer to the rate of tax; and, is used interchangeably with
the term “duty”.
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TARIFF, AD VAL OREM
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TAX
is a charge against a legal entity's
person or property or activity for the support of government, e.g. income
taxes, sales taxes, duties and levies.
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TAX ACCOUNTING
is the planning of
business strategies based on tax consequences and avoidance.
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TAX BASE
is the assessed value of the taxable property, assets, and income within a specific geographic area.
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TAX EFFECT METHOD
is where, irrespective
of when is a tax payable, its effect should be recognized in the year
in which the relevant income has been recorded.
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TAX EQUIVALENT YIELD
is the yield that
must be offered before factoring in taxes so that an investment pays off
a certain after-tax yield. This measure is often necessary to compare
taxable and tax-free investments, since tax-free issues tend to have lower
pre-tax yields due to the fact that the investment's proceeds will not
be reduced by taxes. Tax equivalent yield is equal to required after-tax
yield divided by (1 minus the tax rate).
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TAX SHELTER
are legal methods taxpayers
can use to reduce tax liabilities. An example is the use of depreciation
of assets.
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