Refundable


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Related to Refundable: Refundable Tax Credits

Refundable

Eligible for refunding under the terms of a bond indenture.

Refundable

A bond that may be retired before maturity. Nonrefundable bonds does not protect bondholders from the risk that the issuer may effectively refinance a bond at a lower interest rate, which exposes bondholders to the risk that they could be deprived of coupon payments to which they would otherwise be entitled. Most bonds are nonrefundable for at least five or 10 years after issue but may become refundable afterward. See also: Refundable tax credit.
References in periodicals archive ?
Upon the passage of PATH, penalties for erroneous refund claims may now apply to disallowed refundable portions of tax credits.
A refundable tax credit would be fairer to low-income people than a uniform, standard tax credit would be, because low-income people would get as much in cash and savings from a refundable tax credit as higher-income people would, Pipes says.
The taxpayers argued that the refundable portion of the QEZE real property tax credit was not gross income under the tax-benefit rule because Huron, not they, had deducted the real property taxes that created the credit.
It does not impact current ASD families and subsequently does not represent a change to the refundable deposit of Dh29,850.
The number and costs of refundable tax credits have both grown and varied since the first one appeared on Americans' 1040 tax forms for tax year 1975.
Unless Canadian governments address the refundable nature of these credits and consider other mechanisms for sponsoring low-income families, these tax credits are in danger of creating more of a health inequity among Canadian children.
Attorneys who send written invoices for services rendered will have to disclose also to the client that when the bill is paid, none of it will be refundable.
Uniform Refundable Credits as the Efficient Default Structure
Under this formula, the two-child family with an income of $22,000 could expect a refundable credit of $900 per child, and would now be receiving an advance refund of $600.
The Department considered three basic systems for group reporting: full consolidation, a refundable or negative tax system, and a deduction or loss-transfer system.
Of course, many people may wish to wait until nearer the time, in which case entry is by the actual form at a cost of pounds 300, refundable in cases of lameness up to the first round draw.
1 million (US$ 7 million) refundable under the FAIRE program.