What CONVERTIBLE means: A bond or preferred stock that may, under specified conditions, be exchanged for common stock or another security, usually of the same corporation.
- Definition Carryback/Carryover:
- Dictionary Provisions in the tax Code that allow certain losses or credits to be used in a tax year other than the tax year incurred. A carryover is to a future year. A carryback is to a prior year convertible definition.
- Definition Cost Method Of Inventory Valuation:
- Dictionary Valuing inventory purchased during the year at cost; that is, the invoice price less any discounts plus transportation or other costs incurred in acquiring the merchandise convertible explain.
- Definition Cash Method Of Accounting:
- Dictionary common methods of accounting, the other of which is the accrual method defined elsewhere in this glossary. Under the cash method of accounting, income is reported in the tax year actually or convertible what is.
- Definition Capital Loss:
- Dictionary sale or exchange of a capital asset. Up to $3,000 ($1,500 if married and filing a separate return) of net capital loss is deductible annually with the excess carried forward to future years. Losses convertible meaning.
How works Convertible meaning in Tax definitions C .
