Deductions and Pari passu: Difference between pages

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#Amount of money subtracted from an account or from any amount payable/receivable, to pay for services, goods or taxes.
Latin term meaning ‘equal in all respects’ and would indicate, for example, that one class of obligation will have the same rights and privileges as another class of obligation.
#''Tax.'' Amounts for which tax relief is given.  Most often by subtracting the deductions from (otherwise) taxable profits, before calculating the amount of tax payable on the net taxable profits.
 


== See also ==
== See also ==
* [[Tax credit]]
* [[Negative pledge]]
* [[Tax relief]]
* [[Pari passu clause]]

Revision as of 14:38, 25 January 2014

Latin term meaning ‘equal in all respects’ and would indicate, for example, that one class of obligation will have the same rights and privileges as another class of obligation.


See also