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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Mortgage Interest Deduction

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Alternative Minimum Cost Method

Means of funding permitted under the employee retirement income security act of 1974 (ERISA). The ad ...

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Noon Clause

Clause in the insurance policy that stipulates the exact time the policy coverage begins and termina ...

Stevedores Legal Liability Insurance

Liability coverage for dockworkers for damage to property in transit while in their care. ...

Prepayment Of Loan Clause

Provision permitting a lender to charge the borrower a penalty for repaying a loan before its due da ...

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What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

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A gated community is a community of homes where you must pass through a security gate in order to en ...

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 ...

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You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

What Is Principal?

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

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