WORD OF THE DAY: CONSUMER LEASE - As defined under Article 2A of the UCC, it is a lease between a lessor who regularly engages in the business of leasing or selling to a lessee who is an individual and who takes the lease for persona ... More
1. ) refers to Financial Accounting Standard No. 109, Accounting for Income Taxes. A rule promulgated by the AICPA that requires the recognition of unrealized income taxbenefits as deferred taxassets on a firm’s balance sheet. Also provides for the establishment of a valuation reserve to offset some or all of the deferred taxassets when the taxbenefits are not likely to be realized.
Fund Letters
