UNLIMITED MARITAL DEDUCTION
Unlimited Marital Deduction is a provision that enables a person to move unlimited amounts of assets to his or her spouse at any given time, even in the event of death of transferor, that is free from tax. The provision is in effect in United Estate and Gift Tax Law. As a tool to preserve the estate, unlimited marital deduction can also be divided among living spouses and still free from estate and gift tax liabilities.
POPULAR TERMS
WAL
Weighted Average Life (WAL) refers to the average number of years that each dollar in an unpaid principal on a loan or mortgage remains outstanding ...
Operating Loss - OL
A loss resulting from the main business operations. Extraordinary or peripheral income and expenses are not included.
Base Metals
Metals that rust, damaged or wears off easily when exposed to air or moisture. Commercial and industrial applications is where the base metals are ...
Deferred Annuity
A type of annuity contract that delays payments of income, installments or a lump sum until the investor elects to receive them. This type of annui ...
Child Support
Monetary payments made to the custodial parent after finalizing divorce proceedings. The court awards the terms of the child support, which are nor ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
A Primer on Retirement Planning
Every person dreams of enjoying their lives once they reach their golden years. Most people desire living in a house with a beach front view or a m ...
Everything You Need To Know About Stock Trader Types
The perks and benefits of being a stock trader is one of the most coveted but first you must be a successful a stock trader. A lot of people go int ...
Digesting Financial Statements: Cash Flow
Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
Student Loans: Loan Repayment
Students, soon after your graduation, you need to enter the repayment phase. In other words, you have to start paying off your student loans. This ...
Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
ECONOMIC CALENDAR
Time | Country | Indices | Period |
---|---|---|---|
11:00 | Ifo Business Climate Index | Jan | |
11:00 | Ifo Current Assessment | Jan | |
11:00 | IFO - Expectations | Jan | |
16:00 | Leading indicators | Dec | |
16:00 | NBB Business Climate | Jan | |
16:45 | ECB's Jens Weidmann Speaks | ||
01:50 | Monetary Policy Meeting Minutes | Dec | |
01:50 | Corporate Service Price Index | Dec | |
07:00 | BOJ Core CPI | Dec |