annual liability
index premium (insurance payment)

Burton's Legal Thesaurus. . 2006

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  • annual accounting period — In determining a taxpayer s income tax liability, only those transactions taking place during a particular tax year are taken into consideration. For reporting and payment purposes, therefore, the tax life of taxpayers is divided into equal… …   Black's law dictionary

  • annual exemption — An exempt transfer under inheritance tax legislation allowing £3000 to be given each year as a gift without liability to inheritance tax. This has remained unchanged since 6 April 1981. Husband and wife each have their own exemption. If the… …   Accounting dictionary

  • Limited liability company — This article is about a U.S. specific business entity form. For limited liability companies in the United Kingdom, see Limited company. For a general discussion of entities with limited liability, see Corporation …   Wikipedia

  • Domestic liability dollarization — (DLD) refers to the denomination of banking system deposits and lending in a currency other than that of the country in which they are held. It is important to note that DLD does not refer exclusively to denomination in US dollars, as DLD… …   Wikipedia

  • Limited liability limited partnership — The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership, a form of business entity recognized under U.S. commercial law. An LLLP is a limited partnership and as such consists of one or more… …   Wikipedia

  • civil liability — ➔ liability * * * civil liability UK US noun [C] (plural civil liabilities) LAW ► the legal responsibility of paying money for damage to another person s health, business, or property: »Company directors face criminal and civil liability for… …   Financial and business terms

  • Compound Net Annual Rate - CNAR — The return on an investment after taking tax implications into consideration. The compound net annual rate (CNAR) is much like an investment s compound annual rate except that tax liability is taken into account. CNAR is a truer representation of …   Investment dictionary

  • Tax Liability — The total amount of tax that an entity is legally obligated to pay to an authority as the result of the occurrence of a taxable event. Tax liability can be calculated by applying the appropriate tax rate to the taxable event s tax base. Taxable… …   Investment dictionary

  • ground annual — in Scotland, and prior to 1974, a form of pecuniary real burden. A contract of ground annual was the sale of land to be paid for by annual payments in perpetuity. Apart from the burden in the transfer, the contract provides for a reconveyance in… …   Law dictionary

  • premium — pre·mi·um / prē mē əm/ n 1: the difference between the face value or par value of a security and its market price when the latter is greater compare discount 2: the price paid for an insurance contract equal to the cost per unit times the number… …   Law dictionary

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