Business and Personal Finance Dictionary

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• PASS-THROUGH TAXATION - A taxation situation where the business entity is not taxed and tax is only pai...
  
  
• PASS-THROUGHS - Payments on securities sold in the secondary market that are sent directly to investors...
  
  
• PASSBOOK - A book in which all the transactions in a bank account are noted. This book may list the tra...
  
  
• PASSBOOK ACCOUNT - a savings account that normally requires no minimum balance, no minimum term, no spe...
  
  
• PASSBOOK LOAN - a loan secured by funds in a savings account on deposit with the same institution origi...
  
  
• PASSBOOK SAVINGS ACCOUNT - Liquid account, providing FDIC insurance to $100,000 per person, that genera...
  
  
• PASSED IN - Property is 'passed in' at auction if the highest bid fails to meet the reserve price set b...
  
  
• PASSIVE - Income or loss from business activities in which a person does not materially participate, su...
  
  
• PASSIVE ACTIVITY - defined in the US Tax Code as one or more trades, business or rental activity, that ...
  
  
• PASSIVE ACTIVITY LOSS - LOSS generated from activities involved in the conduct of a trade or business i...