HALF-YEAR CONVENTION FOR DEPRECIATION
A depreciation schedule that treats all property acquired during the year as being acquired exactly in the middle of the year. This means that only half of the full-year depreciation is allowed in the first year, with the remaining balance being deducted in the final year of the depreciation schedule, or the year that the property is sold.
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Mad Hatter
A leader or managerial team who makes impulsive or unusual decisions. Usually a CEO, a mad hatter will frequently make puzzling decisions, which ma ...
Frozen Account
A bank account from which no funds may be withdrawn or purchases that may be charged. A frozen account may occur when the account holder fails to p ...
Foreclosure Action
The legal proceedings done by a lender in the cast of mortgage default. Foreclosure action is the actual filing of and carrying through of the fore ...
United States Dollar
The USD (United States Dollar) is the abbreviation for the currency of the United States of America. The United States dollar is equivalent to 100 ...
Property Dividend
A substitute to cash or stock dividends. It may either include shares of a subsidiary company or physical assets such as inventories that a company ...
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