An in-depth analysis of the deductibility of entertainment expenses and business meals under current tax law, including conditions, limitations, examples, and frequently asked questions.
Entitlement programs are government initiatives that guarantee specific payments to individuals who meet established eligibility criteria.
Understanding the different legal forms of ownership, including Corporation, S Corporation, Sole Proprietorship, Joint Venture, Limited Partnership, Partnership, Tenancy in Common, Joint Tenancy, Limited-Liability Corporation, Limited-Liability Partnership, and Real Estate Investment Trust (REIT), and the benefits and risks associated with each.
An entrepreneur is an individual who initiates and operates a business, often assuming the financial risks in the hope of profit.
Entrepreneurial profit represents the earnings that compensate a skilled businessperson for their expertise and successful efforts, typically exceeding the normal profit expected from competent management.
An Entry-Level Job is a position for individuals with little or no experience, providing an opportunity to start a career within an organization.
Environmental Assessment (EA) is a crucial process in evaluating the unique environmental attributes of a piece of land, taking into account factors such as endangered species, existing hazardous waste, and historical significance. The findings of an EA determine the necessity of an Environmental Impact Statement (EIS).
An in-depth exploration of the Environmental Impact Statement (EIS), its significance, components, and applications in assessing the effects of development projects on the environment.
The Environmental Protection Agency (EPA) is a federal agency tasked with various responsibilities to ensure the protection and improvement of the natural environment, including research, monitoring, standard-setting, and regulation of hazardous materials.
A detailed analysis of the necessity, process, and implications of Environmental Site Assessments, including various types, methodologies, historical context, and practical applications in modern real estate and development projects.
EOM Dating is a billing arrangement whereby all purchases made through the 25th of a given month are payable within 30 days of the end of the following month.
Equal and Uniform Taxation is the principle that all persons of the same class must be treated equally, applying the same rate and value to property being taxed. It ensures fairness and equity in taxation.
An in-depth look at the Equal Credit Opportunity Act, federal legislation aiming to prohibit discrimination in credit transactions based on personal characteristics and financial status.
The Equal Employment Opportunity Commission (EEOC) is a federal agency in the United States tasked with enforcing laws against workplace discrimination based on race, color, religion, sex, national origin, age, disability, or genetic information. This comprehensive entry covers its roles, responsibilities, history, and impact on employment practices.
An Equal Opportunity Employer is one that adheres to affirmative action legislation and promotes nondiscrimination in employment opportunities.
The essential purpose of the constitutional doctrine of Equal Protection of the Laws, embodied in the Fourteenth Amendment to the U.S. Constitution, is to ensure that the laws and the government treat all persons alike, unless there is some substantial reason why certain persons or classes of persons should be treated differently.
The Equal Rights Amendment (ERA) aims to eliminate sex-based discrimination in laws. Though not ratified, its principles shape many statutes and court decisions.
An Equalization Board is a government agency responsible for ensuring the fair assessment and levy of property taxes within a state or jurisdiction.
The price at which the quantity of goods that producers wish to supply matches the quantity demanders want to purchase, optimizing market efficiency and maximizing profitability for manufacturers.
The volume of a good that will be produced and sold when the market for the good is in equilibrium.
Equipment refers to machines or major tools required to execute a specific task. They are essential components in various fields, including mechanics, construction, and technology. These items need to be capitalized and depreciated over their appropriate depreciable life.
Equipment leasing entails acquiring equipment and leasing it to businesses, generating income and offering tax benefits.
An Equipment Trust Bond is a type of secured bond issued primarily by transportation companies to finance the purchase of new equipment, with bondholders having a claim to the equipment in case of default.
An exploration of the concept of equitable, marked by due consideration for fairness and impartiality, unhampered by technical legal rules.
Comprehensive overview of equitable distribution, focusing on the fair division of property among interested persons, its historical context, applications, and related concepts.
An in-depth look at the concept of equitable ownership, focusing on the beneficiary of property held in trust.
An examination of the interest held by one who has agreed to purchase but has not yet closed the transaction, known as equitable title.
Equity buildup refers to the gradual increase in an owner's equity in mortgaged property caused by the amortization of loan principal.
Equity Financing involves raising money by selling part of the ownership, such as stock in a corporation, in contrast with debt financing.
An in-depth look at the concept of an equity kicker, a term used in finance to signify a form of compensation provided to lenders, which offers them potential upside in the form of equity in a company.
The right of a mortgagor to save their property from foreclosure by paying all debts, costs, and interest after a default.
An Equity Real Estate Investment Trust (REIT) is a type of REIT that holds ownership in real estate properties, generating income from rents and capital appreciation.
The Equity Yield Rate is the rate of return on the equity portion of an investment, considering periodic cash flow and resale proceeds. This metric takes into account the timing and amounts of cash flow after annual debt service, but does not include income taxes.
An analysis of the Equivalent Taxable Yield, comparing the taxable yield on a corporate bond and the tax-free yield on a municipal bond, with a focus on implications for investors in different tax brackets.
An in-depth study of ergonomics, focusing on how people interact with their work environments, with special attention to the ergonomic design of computer workstations.
A comprehensive act that establishes minimum standards for pension and health plans in private industry to provide protection for individuals in these plans.
Erosion refers to the gradual wearing away of land through natural processes such as by streams and wind. It also indicates a gradual decline in business contexts, such as sales erosion and market-share erosion.
Comprehensive definition of 'Error' covering its implications in daily life, law, computing, and statistics.
Coverage for negligent acts and/or omissions resulting in bodily injury, personal injury, and/or property damage liability to a client.
Elucidating the concept of Escalation, its various types, implementations, and implications, with a particular focus on Escalator Clauses in contracts.
An escalator clause is a provision in a contract that allows for the adjustment of costs in response to specific economic conditions. Common in employment and lease agreements, these clauses ensure that wages and payments remain equitable in volatile markets.
An escape clause is a provision in a contract that allows one or more parties to cancel all or part of the contract if certain events or situations do or do not occur.
Escheat refers to the reversion of property to the state in the event that the owner dies without leaving a will and has no legal heirs.
A detailed exploration of escrow, a mechanism that involves a written instrument, such as a deed, being temporarily deposited with a neutral third party until the conditions of a contract are met. This article covers types, historical context, examples, and applicability in various sectors.
An in-depth exploration of escrow accounts, their roles in real estate, and applications for holding funds securely until they are needed.
An escrow agent is a neutral third party responsible for holding funds or assets until certain conditions are met, commonly used in real estate transactions.
Detailed explanation of Escrow Closing, particularly in states where deeds of trust are used instead of mortgages, encompassing examples, historical context, and related terms.
Espionage refers to the act of spying on activities to gather confidential information, often involving both governmental and corporate sectors.
The designation Esquire (Esq.) is a professional title used for lawyers in place of a preceding honorific, such as 'Mr.' or 'Ms.'. It signifies a person's status and role within the legal profession.
An essential industry is one that, for political or economic reasons, is considered crucial and must be maintained within a country's own economy, regardless of comparative advantages.
An in-depth exploration of the concept of 'Estate' in the context of ownership, including real property and personal property, and the nature and extent of interests in land.
An in-depth exploration of the concept of Estate in Reversion, its types, historical context, examples, and relevance in contemporary real estate and legal practices.
An Estate in Severalty refers to the exclusive ownership of a property by a single individual, distinguishing it from forms of joint ownership. This entry explores the concept, legal implications, examples, and related terms.
Estate Planning encompasses strategies and processes for managing, transferring, and protecting one's estate upon death, ensuring minimal tax costs, and fulfilling the owner's wishes effectively. This includes drawing up wills, setting up trusts, and other crucial components.
An in-depth guide to estate planning distribution, including methods for distributing property during one's lifetime and posthumously through wills and state law.
Comprehensive Explanation of Estate Tax, Calculation Methods, Exemptions, Deductions, and Applicability. Understanding the Fair Market Value Assessment.
Understanding Estate Tax Payable, a critical concept in taxation, involves calculating the amount due after various deductions from the Tentative Estate Tax.
Understanding the concept of estimate in approximate computations and statistical analysis, including types, examples, and historical context.
A detailed overview of estimated tax, including its significance, computation, requirements, exceptions, historical context, and related terms.
An in-depth examination of the estimated useful life of assets and its implications for depreciation and tax recovery periods.
Estoppel is a legal principle that prevents a person from denying or asserting something contrary to what is implied by a previous action or statement of that person or by a previous pertinent judicial determination.
An estoppel certificate is a document by which the mortgagor certifies the balance and terms of a mortgage loan, preventing later disputes over the stated debt amount.
Comprehensive coverage of the legal concept of estovers, detailing the rights of tenants, types of estovers, historical context, and related legal terms.
ET AL. is a commonly used Latin abbreviation for 'et alii,' which translates to 'and others.' It is widely used in academic, legal, and professional contexts to refer to additional authors or participants.
An explanation of the Latin phrase 'et non,' its usage, historical context, and applications.
ET UX. is an abbreviation for 'et uxor', a Latin phrase meaning 'and wife', used in old legal documents like wills and deeds to refer to a wife along with her husband.
Ethernet is a standard method of connecting computers to a Local Area Network (LAN) using coaxial cable.
A Comprehensive Look at Ethical Principles and their Importance in Various Professions
The Electronic Transmitter Identification Number (ETIN) is a unique identification number assigned to entities transmitting electronic data for the purpose of ensuring data security and traceability.
An overview of Eurobanking, which involves accepting deposits and making loans in multiple currencies rather than the host country's currency.
An in-depth exploration of Eurobonds, bonds denominated in foreign currencies and sold to investors outside their native countries.
Detailed Explanation of Eurocommercial Paper, Including Definition, Types, Historical Context, Applicability, Comparisons, and Frequently Asked Questions.
The Eurodollar is a U.S. dollar held as a deposit in a bank outside the United States, mainly in Europe, commonly used to settle international transactions.
A comprehensive overview of Eurodollar Bonds, international bonds issued in U.S. dollars but outside the United States, focusing on their structure, benefits, historical context, and how they function in the financial markets.
A comprehensive guide on Eurodollar Certificate of Deposit (CD), a CD issued by banks outside the United States primarily in Europe, payable in U.S. dollars, with typical minimum denominations of $100,000 and maturities of less than two years.
The European Central Bank (ECB) oversees monetary policy for the Eurozone, which includes 16 countries as of 2011. Its primary mission is to maintain price stability and issue the euro currency.
Comprehensive definition of the European Union (EU), encompassing its history, member states, economic and political objectives, and impact on global affairs.
An Evaluator is an independent expert who appraises the value of properties with limited trading, like antiques in an estate or rarely traded stocks or bonds. The evaluator's fee can be a flat amount or a percentage of the appraised value.
Event Risk pertains to the likelihood of a specific event affecting a particular business or investment. This is distinct from market or systemic risk, which influences all entities within the same category.
Eviction is the physical expulsion of someone from real estate by the assertion of superior title or through legal proceedings. This entry discusses types, processes, and implications of eviction.
Actual eviction refers to the removal of a person from a property, either by force or by due process of law. This legal term encompasses physical removal and has significant implications in landlord-tenant relationships.
Overview of constructive eviction, a legal concept where through the landlord's fault, physical conditions of a property render it unfit for its leased purpose.
Documents such as deeds that prove ownership and should be kept in a safe place.
Detailed exploration of the term 'Ex Officio,' including its definition, examples, historical context, and applications.
Ex Post Facto laws refer to legislation that retroactively changes the legal status or consequences of actions that were committed before the enactment of the law. Such laws are generally prohibited by the United States Constitution.
A comprehensive guide to the ex-dividend date, its importance, and how it impacts investors and stock prices.
An EX-LEGAL municipal bond is a bond that does not have the legal opinion of a bond law firm printed on it. Learn about its implications and considerations.
An exploration of Exact Interest, its calculation methodology based on a 365-day year, and its distinctions from Ordinary Interest, which operates on a 360-day year.
A detailed examination of the historical records and documents pertaining to the ownership and conditions of a real estate title, focusing primarily on recent records for quick verification.
Excess (Accelerated) Depreciation refers to the accumulated difference between accelerated depreciation claimed for tax purposes and what straight-line depreciation would have been. This excess is often recaptured and taxed as ordinary income upon a sale.
An in-depth look at excess contributions in cash or deferred arrangements (CODAs) for highly compensated employees, exploring nondiscrimination rules, implications, and solutions.
A detailed overview of the Excess Profits Tax, its purpose, historical context, types, and implications.
Excess Reserves are funds held by banks that exceed the reserve requirement set by financial authorities, such as the Federal Reserve System (FED).
An in-depth exploration of exchange, covering its various forms, historical context, examples, related legal provisions, and FAQs.
Exchange Rate Dirty Float refers to a type of exchange rate regime where a currency's value is primarily determined by market forces but is occasionally intervened by the country's central bank. Explore the mechanisms, historical context, examples, and implications of a Dirty Float exchange system.
Exchange-Traded Funds (ETFs) are securities representing mutual funds that are traded like stocks on exchanges. They offer several advantages, including liquidity and real-time pricing.
Exchange-Traded Notes (ETNs) are senior unsecured debt instruments that track the performance of a specific index, offering a unique investment option with both returns and risks tied to the creditworthiness of the issuer.
Excise Tax is a tax imposed on specific goods, activities, or services. Unlike income or property taxes, excise taxes are applied primarily to the manufacture, sale, or consumption of goods such as tobacco, gasoline, and alcohol.
Excite is an early web portal that offered internet search, directory services, and additional features like email and news.
Exclusion refers to elements not covered by an insurance policy, and in taxation, it indicates amounts excluded from gross income under specific provisions of the Internal Revenue Code.
