short period year

short period year
A year for which a tax return is filed, which actually is a period of less than one year but treated as a full tax year, under certain conditions such as a change by a taxpayer of his annual accounting. Internal Revenue Code § 443(a).

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • short-period rate — ➔ rate1 * * * short period rate UK US noun [C] INSURANCE ► the amount that you pay for an insurance contract that is for less than a year …   Financial and business terms

  • short-term — short′ term′ adj. 1) covering or involving a relatively short period of time: short term memory[/ex] 2) maturing after a relatively short period of time: a short term loan[/ex] 3) ste bus (of a capital gain or loss) derived from the sale or… …   From formal English to slang

  • short-term gain — ➔ gain2 * * * short term gain UK US noun [C or U] ► FINANCE profit made from selling something a short time after buying it, usually within a year: »Paul buys shares with the aim of realising short term gains. ► an improvement or advantage that… …   Financial and business terms

  • short-term — index acting, brief Burton s Legal Thesaurus. William C. Burton. 2006 short term …   Law dictionary

  • short-term — [shôrt′tʉrm΄] adj. 1. for or extending over a short time 2. designating or of a capital gain, loan, etc. that involves a relatively short period, usually of less than a year …   English World dictionary

  • short-term — Any investments with a maturity of one year or less. Bloomberg Financial Dictionary * * * short term ˈshort term adjective 1. continuing for only a short time, or concerned only with the period of time that is not very far into the future: • Most …   Financial and business terms

  • Short Term — 1. In general, holding an asset for short period of time. 2. In accounting, an asset expected to be converted into cash in the next year, or a liability coming due in the next year. Also known as current assets and liabilities. 3. For investing,… …   Investment dictionary

  • Short-term mission — A short term mission (STM) is the mobilization of a Christian missionary for a short period of time ranging from days to a year; many short term missions are called mission trips. The short term missionary is a fairly recent innovation in the… …   Wikipedia

  • Short rate model — In the context of interest rate derivatives, a short rate model is a mathematical model that describes the future evolution of interest rates by describing the future evolution of the short rate.The short rateThe short rate, usually written r t… …   Wikipedia

  • short-term — /shawrt terrm /, adj. 1. covering or applying to a relatively short period of time. 2. maturing over a relatively short period of time: a short term loan. 3. (of profit, loss, interest, etc.) of or pertaining to a short term, esp. one year or… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”