What REPOSSESSION means: Taking possession of property that was earlier sold on an installment contract because the buyer defaults on payment of the debt.
- Definition Recharacterization:
- Dictionary Recharacterization is the process of changing the character of a traditional IRA contribution to a Roth IRA contribution or vice versa repossession definition.
- Definition Recovery Property:
- Dictionary Recovery property is a term used to describe property that is eligible to be depreciated under either ACRS or MACRS. See ACRS and MACRS repossession explain.
- Definition Return Of Capital Distribution:
- Dictionary capital distribution is a distribution that is not from the corporation's earnings and profits. The distribution is not taxable, but reduces the basis of the stock. Distributions in excess of repossession what is.
- Definition Royalty Interest:
- Dictionary oil and gas in place that entitles the holder to a specified fraction, in kind or in value, of the total production from the property, free of any expense of development and operation repossession meaning.
How works Repossession meaning in Tax definitions R .
