| Definition/Meaning | Word/Phrase |
|---|
| liability account showing how much is owed for goods and services purchased on credit |
account payable
,
payable
|
| reduction of debt or liability in gradual manner |
amortization
|
| gradual reduction of debt, liability |
amortization
|
| liability or debt gradually worked off |
amortized
|
| return required of a taxpayer whose tax withheld from income does not meet the tax liability for the year |
declaration of estimated tax
,
estimated tax return
|
| property beyond mortgage or liability, residual value of |
equity
|
| value of business or property beyond mortgage and liability |
equity
|
| value of property beyond debt and liability |
equity
|
| income tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability |
estimated tax
|
| liability for another, person assuming |
guarantor
,
surety
|
| exemption from legal duties, penalties, liability |
immunity
|
| document giving the tax collector information about the taxpayer's tax liability |
income tax return
,
return
,
tax return
|
| mistake of incurring liability or blame |
incursion
|
| legal exemption from liability for damages |
indemnity
|
| exemption from legal liability for damages |
indemnity
|
| return that provides information to the tax collector but does not compute the tax liability |
information return
|
| liability to conviction, punishment |
jeopardy
|
| company that is organized to give its owners limited liability |
Ld.
,
limited company
,
Ltd.
|
| liability of a firm's owners for no more than the capital they have invested in the firm |
limited liability
|
| personal immunity accorded to a public official from liability to anyone injured by actions that are the consequence of exerting official authority |
official immunity
|
