ASSESSABLE PROFIT
It is the income that is taxable after deducting allowable deductions in accounting. It is used in tax law in order to determine a person’s income that can be taxed based on the losses or gains of his or her funds that fall under his or her investment accounts that are taxable. It is the net of items including charitable donations, depreciation, and the investment account’s expenses.
POPULAR TERMS
Linearly Weighted Moving Average
A moving average that designates a greater weighting on recent price data than the common moving average does. To get the average, every closing pr ...
Compensating Balance
Minimum balance a customer must maintain in a bank account, normally non-interest bearing accounts. It is often used to offset some cost a bank inc ...
Tax Loss Carryforward
Negative profit in tax, which occurs when an individual or business’ expenses exceed their revenues. This is done by reducing the overall tax ...
Historical Cost
A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by ...
Check Conversion
Reformatting service which allows banks to exchange paper checks into electronic ones, then send those to the receiving bank. Offered by banking me ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | MI Inflation Gauge | Dec | |
| 02:30 | Retail Sales | Nov | |
| 03:30 | CPI | Dec | |
| 03:30 | PPI | Dec | |
| 11:30 | Sentix Investor Confidence | Jan | |
| 15:15 | Housing Starts | Dec | |
| 16:00 | MPC Member Silvana Tenreyro Speaks | ||
| 17:30 | Overview of business prospects, according to the Bank of Canada | 4 quarter | |
| 17:30 | Bank of Canada Interest Rate Decision | 4 quarter |
