ALIMONY SUBSTITUTION TRUST
A kind of trust agreement wherein the generated income from a trust of a divorced person will be used to pay spousal support. The alimony substitution trust and receiving alimony differ from each other through their taxation. The ex-spouse, responsible to generate income from the trust, is not obligated to pay income taxes from the trust's generated income nor a tax deduction will be received from the payments made from this trust.
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Maximum Loan-to-Value Ratio
Maximum allowable ratio of a loan’s size to the property’s value that is securing the loan. Lenders measure the risk using loan-to-valu ...
Cash Return on Assets Ratio
Ratio used to differentiate a business’ performance against other industry members. The company’s analysts may use the ratio internally ...
Retention Bonus
A reward given to an employee that serves as an incentive to keep that key employee on the job during a significant business cycle, like a merger o ...
Infrastructure
Basic physical systems of a business or country such as roads, utilities, transportation, communication, sewage, and water and electric systems, am ...
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Act of managing and/or reducing business expenditures done by determining the costs and evaluating if such expenses are affordable and reasonable. ...
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