Financial Accounting Standards Board Fasb 112


Definition of "Financial accounting standards board (fasb) 112"

Terri Connelly
  Coldwell Banker Kappel Gateway Realty

New rule entitled "Employers Accounting for Postemployment Benefits," which requires advanced recognition of nonretirement benefits, health insurance continuation, and severance pay.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Term Of The Policy

Length of time insurance policy is in force. ...

Annuity Factor

Factor used to determine the equal periodic payment associated with a real estate transaction. ...

Ground Floor

The floor of a building closets to the building grade. Normally, the ground floor of a building is t ...

Indemnity Agreement

Policy provision designed to restore an insured to his or her original financial position after a lo ...

Operating Income

Total of net investment income plus underwriting income plus other miscellaneous income. This type o ...

Unrealized Capital Gains (losses)

Appreciation in the unsold assets' value. When assets are sold, their capital gain (loss) is shown o ...

Related Real Estate FAQ

What Is A Conventional Mortgage?

A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

7 Things to Consider Before Moving to a New City What is the Best Time of Year to Buy a Home? How To Choose A Realtor 5 U.S. Cities with the Best Public Transportation Short Sale Homes

FAQ

What do I need to know about Universal Life Insurance? What is a default? What is a wraparound mortgage? What is depreciation? What should I do if I'm in an accident?