Statutory Statement Of Accounting Principle Ssap Federal Income Taxes

Definition of "Statutory statement of accounting principle (ssap) 83—federal income taxes"

State law by which insurance companies are permitted to establish deferred tax assets and liabilities subject to maximum limitations.

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Related Real Estate Glossary terms

Residential Broker

A real estate broker who lists and sells houses or condominiums, as distinguished from a commercial ...

Zone

Geographic location by itself with designated boundaries. An example is a district. ...

Penalty

Liability limit on a fidelity bond or surety bond. A fixed-penalty bond is one with a fixed liabilit ...

Substandard Life Insurance

Coverage for risks deemed uninsurable at standard rates by normal standards (persons whose medical h ...

Deferred Annuity

Annuity that can be paid either with a single premium or a series of installments. For example, an a ...

Tax Deductibility (of Interest And Points)

The provision of the U.S. tax code that allows homeowners to deduct mortgage interest payments from ...

Related Real Estate FAQ

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Is An Adjustable-rate Mortgage (ARM)?

A type of mortgage in which the interest rate is keyed to a certain economic index and is adjusted a ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

How Can I Protect My Home Office?

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

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FAQ

What is a mortgage broker? How much money can I borrow to buy a home? What is an adjustable-rate mortgage (ARM)? What are prepayment penalties? What is a second mortgage?