GIFT TAX
Federal tax applicable to an individual who gives any item of value to another individual. In order for an item to be considered a gift, the recipient cannot pay the giver the full value of the gift, but the person may pay an amount less than its real worth. The giver is mandated to pay this tax. However, the receiver may pay the gift tax or at least a percentage of it, on behalf of the giver in case the giver has surpassed his annual personal gift tax deduction limit.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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