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Meaning / Definition of
Short Tax Year
Categories: Tax,
A fiscal or calendar tax year that is less than twelve months in length. This may occur during special circumstances such as a business changing fiscal year frameworks, for example from July-June to October-September, or a business starting operations partway through a tax year.
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Definition / Meaning of
Home Equity
Categories: Credit and Debt, Real Estate, Legal, ,
The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.
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