Glossary of Accounting Terms

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

Index of Accounting Terms - T

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Icon representing physical assets like equipment or buildings
Tangible Asset Related Terms: Fixed Asset, Physical Asset, Property, Plant, and Equipment (PP&E) What is a Tangible Asset? An asset that has a physical form and can be touched, such as buildings, machinery, and equipment.
Icon representing tariffs on imported goods.
Tariff Related Terms: Import Duty, Customs Duty, Indirect Tax What is a Tariff? A tax or duty imposed by a government specifically on imported goods (or sometimes exports) to increase their price and regulate trade.
Icon representing adherence to tax laws
Tax Compliance Related Terms: Tax Regulations, Tax Law Adherence What is Tax Compliance? Minimize tax liability and ensure compliance.
Icon representing income subject to taxation.
Taxable Income Related Terms: Adjusted Gross Income (AGI), Gross Income, Deductions, Tax Liability What is Taxable Income? The portion of an individual's or company's gross income that is subject to income tax after all allowable deductions and exemptions are subtracted.
Icon representing shared ownership without automatic inheritance
Tenancy in Common (TIC) Related Terms: TIC, Co-tenancy (without survivorship) What is Tenancy in Common (TIC)? A form of ownership where two or more individuals hold an interest in real property; their shares may be unequal, and there is no right of survivorship.
Icon representing the proportion of total debt to all assets
Total Debt-to-Total Assets Related Terms: Debt Ratio, Leverage Ratio What is Total Debt-to-Total Assets? A leverage ratio that measures the extent of a company's assets that are financed by debt.
Icon representing a worksheet of account balances
Trial Balance Related Terms: Worksheet Balance What is a Trial Balance? A worksheet listing the balances of all general ledger accounts at a specific point in time, used to ensure debits equal credits.
Icon representing a ready-to-operate solution
Turn Key Related Terms: Ready-to-Go, Fully Operational What does Turn Key mean? A product or service that is ready for immediate use or operation by the buyer.

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