Terms Starting with T

  • Tadoule Lake Airport (XTL)Acronym, Tadoule Lake, Manitoba, Canada,
    • Takeout Mortgage Loan Definition, Important,
      • A long term mortgage loan that is advanced to borrower on completion of construction or in compliance with any other conditions in the loan commitment. The funds are normally used to pay off or take out the construction lender.
    • Takeover Definition,
      • The purchase of a company by another.
    • Takeover Bid (TOB)Acronym,
      • Talka Lithuanian Credit UnionCompany, Ontario, Canada,
          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
        • Taloyoak Airport (YYH)Acronym, Taloyoak, Nunavut, Canada,
          • Tandem Loan Definition,
            • When one asset, usually a house, has two loans taken out on it.
          • Tangible Fixed Assets (TFA)Acronym,
            • Tangible Personal Property (TPP) Acronym,
              • Assets other than real estate that physically exist. Business equipment and vehicles are tangible personal property whereas stock certificates and franchises only represent value and are therefore intangible property.
            • Tangible Personal Property Memorandum (TPPM)Acronym,
              • Targeted Amortization Class (TAC)Acronym,
                • Targeted Case Management (TCM)Acronym,
                  • Tax (TX) Acronym,
                    • A levy paid by an individual or entity that is collected by a government.
                    Bank account transaction code.
                  • Tax Anticipation Bill (TAB)Acronym,
                    • Tax Anticipation Note (TAN)Acronym,
                      • Tax Court of Canada (TCC)Company, Ottawa, Ontario, Canada,
                        • Tax Credit (TC) Acronym, Important,
                          • Tax credits are used to reduce the amount of the tax owed. Tax credits are more valuable than deductions because they directly reduce the amount of tax owed, rather than reducing the amount of income that is taxed.
                        • Tax Deduction Definition,
                          • An expense that governments allow you to subtract from your income before computing your income tax.
                        • Tax Deferral Definition,
                          • The postponement of taxes to a later year, usually by recognizing income or a gain at a later time. Remember, this only delays your tax liability; it doesn't eliminate it.
                        • Tax Deferred Annuity (TDA) Acronym, Important,
                          • A type of annuity where taxes are deferred until the annuitant decides to withdraw money from the annuity.
                          More commonly known as a Tax Sheltered Annuity (TSA).
                        • Tax Exempt (TE) Acronym, Very Important,
                          • Income that is not subject to tax. Income exempt from federal tax may, however, be subject to provincial taxation.
                        • Tax Exempt Fuel Sales (TEFS)Acronym, Canada,
                          • Tax Exempt Special Savings Account (TESSA)Acronym,
                              A UK tax term.
                            • Tax Identification Number (TIN)Acronym,
                              • Tax Information Phone Service (TIPS)Acronym, Canada,
                                  The number to call is 1-800-267-6999.
                                • Tax Instalment Payment Plan (TIPP) Acronym, Canada,
                                  • A popular property tax payment plan that allows you to pay your taxes monthly without any penalties or additional charges.
                                • Tax Instalment Payment Plan Service (TIPPS)Acronym, Canada, Important,
                                    Offered by most municipalities across Canada as a property tax payment option.
                                  • Tax Liability Definition,
                                    • The total amount of tax you owe.
                                  • Tax Lien Definition,
                                    • A claim, or obstacle, to the sale of property because of unpaid taxes. The property's title can't be transferred until liens are paid.
                                  • Tax Optimized Return Oriented Securities Trust (TOROS)Acronym, Canada,
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