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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Split Annuity

Division of a sum of money between a deferred annuity and an immediate life annuity certain. ...

Mercantile Robbery Insurance

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Rule that concerns the distribution of the aggregate surplus among the policies in the same proporti ...

Accidental Death Clause

in a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, shoul ...

Vendor's Lien

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Secondary Mortgage Market

Market where mortgage loans can be sold to investors. The availability of funds for financing real e ...

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