What FAIR RENTAL VALUE means: The amount the owner of property could reasonably expect to receive from a stranger for the same type of lodging; generally, the amount at which a home with its furnishings could be rented to a similar size family in a similar location.
- Definition Finance Charges:
- Dictionary Amounts paid for the privilege of making purchases on a deferred-payment basis fair rental value definition.
- Definition First In, First Out (FIFO):
- Dictionary method for determining the cost of inventories. Under this method, the first items purchased are treated as being the first items sold. Ending inventory is valued using the cost of later purchases fair rental value explain.
- Definition Fully Taxable Pensions:
- Dictionary Pensions for which taxpayers contributed none of the cost or have recovered their entire cost in previous years fair rental value what is.
- Definition Flexible Spending Account:
- Dictionary A method of paying for benefits under a cafteria plan through salary reductions. Also see "Cafteria Plan." fair rental value meaning.
How works Fair Rental Value meaning in Tax definitions F .
