Internal Revenue Code


Definition of "Internal Revenue Code"

U.S. tax law that consists of regulations and rules to be followed by taxpayers. The Internal Revenue Code of 1954 is continually revised and amended over time.



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Yearly Probability Of Living

Figure in a mortality table derived by dividing the number of people alive at the end of a given yea ...

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Dynamic Financial Analysis

Procedure for examining the total financial position of the insurance company over future time perio ...

Leasehold Value Interest

Difference between the rent paid by a lessee as fixed by a lease prior to destruction of property an ...

Value In Use

Discounted value of net cash receipts to be obtained from a property. The present value calculation ...

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