Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• INCOME TAXES PAYABLE - income taxes due including current portion of deferred taxes.
  
  
• INCOME THEORIES - try to identify the real profit of an organization. The difficulty here is that you n...
  
  
• INCOME-SENSITIVE REPAYMENT PLAN - A repayment schedule for some FFELP loans under which the borrower’s ...
  
  
• INCOME-SPLITTING - A financial strategy for tax purposes. Splitting income refers to the process of shi...
  
  
• INCOME/EXPENSE RATIO - A qualifying ratio used in underwriting a residential mortgage loan which comput...
  
  
• INCOMPETENCE - lack of physical or intellectual ability or qualifications.
  
  
• INCOMPETENT - Not capable, usually in the mental sense. When referring to a contract or will, a person ...
  
  
• INCONTESTABILITY CLAUSE - Clause in a life insurance contract preventing the insurer from revoking the ...
  
  
• INCONVERTIBILITY - The inability of a local currency to be exchanged for another currency. Often includ...
  
  
• INCORPORATED - a legal entity that has undergone incorporation through approval by a state government.