LIKE-KIND EXCHANGE
A tax deferred exchange that allows buyer and seller to effectively exchange properties without paying the tax liability on the sale of the first asset. It can be swapping of one business for another, or an estate investment property for another property. For this details of this deal, an 8824 form must be submitted to the IRS. Also known as a Section 1031 exchange, there are some factors to consider to avoid the tax liability upon selling the first asset: it should be an investment property, not a residence; purchased asset must be similar to the sold asset; and sale proceeds must be used in purchasing the other within 180 days from the sale of the first asset, although it is advised to identify the property to be bought within 45 days.
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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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