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fiscal terms

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  • Fiscal drag — refers to the process where tax thresholds are either not adjusted for inflation, or fail to keep pace with earnings growth, causing in either case an automatic rise in tax revenues.Example of nominal fiscal dragSuppose a person earns $20,000 per …   Wikipedia

  • fiscal year — n: an accounting period of 12 months Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. fiscal year n. A twelve month period used by a bus …   Law dictionary

  • Fiscal sponsorship — refers to the practice of non profit organizations offering their legal and tax exempt status to groups engaged in activities related to the organization s missions. It typically involves a fee based contractual arrangement between a project and… …   Wikipedia

  • Fiscal conservatism — (also known as economic conservatism) is a political phrase term used in North America to describe advocacy of lower governmental spending practices and a lower federal debt; It is used to define someone who advocates smaller government, less… …   Wikipedia

  • Fiscal incidence — is a concept within public finance, a sub discipline within economics, that refers to the combined overall economic impact of both government taxation and expenditures on the real economic income of individuals. While taxation reduces the… …   Wikipedia

  • fiscal — fis‧cal [ˈfɪskl] adjective [only before a noun] FINANCE ECONOMICS TAX connected with government taxes, debts, and spending: • The fiscal deficit was estimated at $53,800,000 or 3.5% of gross national product. • The current fis …   Financial and business terms

  • Fiscal environmentalism — is a hybrid term of two traditional and often conflicting philosophies, environmentalism and fiscal conservatism, created to emphasize the growing understanding of the middle ground between the two, where the goals of each are simultaneously… …   Wikipedia

  • fiscal quarter — USA A fiscal quarter (or financial quarter) is a three month period used for calculating a party s quarterly financial statements. Related terms financials fiscal year Practical Law Dictionar …   Law dictionary

  • fiscal — fis·cal / fis kəl/ adj [Latin fiscalis, from fiscus basket, treasury] 1: of or relating to taxation, public revenues, or public debt fiscal policy 2: of or relating to financial matters fis·cal·ly adv Merriam Webster’s Dictionary of Law …   Law dictionary

  • Fiscal adjustment — A fiscal adjustment is a reduction in the government primary budget deficit, and it can result from a reduction in government expenditures, an increase in tax revenues, or both simultaneously.There is no a clear consensus about the definition of… …   Wikipedia

  • Fiscal year — A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ( yearly ) financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting and taxation… …   Wikipedia

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