What INSTALLMENT METHOD means: A method of accounting enabling a taxpayer to spread the recognition of gain on the sale of property over the payment period. Under this procedure, the seller computes the gross profit percent from the sale (that is, the gain divided by the contract price) and applies it to each payment received to arrive at the amount of the gain to be recognized.
- Definition Interlocutory Decree:
- Dictionary See Divorce Decree (Interlocutory installment method definition.
- Definition Intangible Personal Property:
- Dictionary Property, other than real property, with no intrinsic value; its value lies in the rights conveyed. Examples include cash, insurance, stock, goodwill, and patents installment method explain.
- Definition Inventory:
- Dictionary For income tax purposes, inventory consists of items acquired for sale to customers in the regular course of a taxpayer's trade or business installment method what is.
- Definition Individual Retirement Arrangement (IRA):
- Dictionary retirement arrangement is a trust set up to receive retirement contributions of individuals. The arrangement may be in the form of an individual retirement account or individual retirement annuity installment method meaning.
How works Installment Method meaning in Tax definitions I .
