Deficiency Agreement
Deficiency Agreement definition :
An agreement that calls on the sponsor or another party to provide theshortfall when cash flow, working capital, ...
deficiency
additional tax liability that the IRS deems to be owed by a taxpayer. A taxpayer can argue the correctness of a deficiency with the IRS. If unsuccessful, the taxpayer can appeal to the Tax Court.
Dictionary of Real Estate Terms ...
Deficiency of aggregate demand
Definition: The potential level of output exceeds total planned expenditure, at the full employment level of national income. More generally, people are not spending enough to keep everyone in work.
Cash deficiency agreement
An agreement to invest cash in a project to the extent required to cover any cash
deficiency the project may experience.
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DEFICIENCY - The difference between the balance outstanding on a loan and proceeds from the sale of the...
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Accumulated Funding Deficiency
In the United States, this is the amount by which the accumulated promises of a Pension Plan, as compared to the funds available, do not meet certain minimum funding standards.
Deficiency
In some states, the lender can legally pursue the deficiency. The law sets limits as to how much the lender can pursue from the borrower. In other cases, the law prevents the lender from pursuing the borrower for any deficiency left.
Deficiency in Design
This exists when a control necessary to meet the control objective is missing or an existing control is not properly designed so that even if the control operates as designed, the control objective is not always met.
Deficiency Letter
A written notice sent by the Securities and Exchange Commission (SEC) to the issuer of an anticipated new issue.
Deficiency letter
Notification from the SEC to a prospective issuer of securities that revisions or additions need to be made to the preliminary prospectus before it can become effective.
Deficit ...
DEFICIENCY JUDGMENT
A judgment against a borrower, endorser or guarantor for the balance of the debt issued when the security for a loan is insufficient to satisfy the debt.
DEFICIENCY PAYMENTS
Government payments to compensate farmers for all or part of the difference between producer prices actually paid for a specific commodity and higher guaranteed target prices. See also Common Agricultural Policy; Variable Levy.
deficiency An internal control shortcoming or opportunity to strengthen internal controls.
detection risk The risk audit procedures will lead to a conclusion that material error does not exist when in fact such error does exist.
DEFICIENCY LETTER " A notice sent by the SEC to the issuer of a new issue regarding omissions of material fact in the registration statement.
Deficiency Deposit Procedures
If, as the result of adjustments made due to an income tax examination, it is determined that a taxpayer may make additional deposits into his CCF account, in the absence of penalties pursuant to IRC ยง 6653, ...
Deficiency Letter - SEC notification to an issuer that a prospectus or other contemplated filing needs to be modified before being accepted or made "effective" by the agency.
Deficiency Agreement: Where cash flow, working capital, or revenues are below agreed levels or are insufficient to meet debt service, then a deficiency or make-up agreement provides the shortfall to be provided by the sponsor or another party, ...
Deficiency Agreement
An agreement that calls on the sponsor or another party to provide the shortfall when cash flow, working capital, or revenues are below agreed levels or are insufficient to meet debt service.
Deficiency LetterExpand/Collapse
A securities commission letter sent to a company that has submitted a preliminary prospectus on a planned new issue of the company's securities.
Deficiency
Conceptually, the numerical difference between the amount of tax that a taxpayer or taxpaying entity reports on a tax return and the amount that the IRS determines is actually owed. The term only applies to shortfalls and not to surpluses.
A deficiency in quantity shipped, stored, or received.
Sling
A contrivance into which freight is placed to be hoisted into or out of a ship.
Cash-Flow Deficiency: A situation occurring when more money is being spent than earned.
Deficiency Payment
Payment to a producer of an amount equal to the difference between a guaranteed price and the market price, with the latter often determined on the world market. Thus a form of subsidy to production.
Deficit
1.
In general, the time between cash disbursement and cash collection. In net working capital management, it can be thought of as the operating cycle less the accounts payable payment period.
Cash deficiency agreement ...
Exercised to the extent required to cover any cash deficiency of the project. Tax clientele Categories of investors who have specific preferences for debt or equity because of differences in their personal tax rates.
deficiency The difference between the tax charged by the IRS and the amount stated on a return. deficiency letter An SEC letter stating that a preliminary prospectus for an offering must to be modified.
Tax clawback agreement An agreement to contribute as equity to a project the value of all previously realized project-related tax benefits not already clawed back to the extent required to cover any cash deficiency of the project.
DEFICIENCY The excess of a taxpayer's correct tax liability for the taxable year over the amount of taxes previously paid for that year. A US concept ...
can show that he is not responsible); or if proper books have not been kept; or if the bankrupt has traded after knowledge of insolvency; or has contracted debts without reasonable probability of payment; or failed to account for his deficiency; ...
Upon issuance of the statutory notice of deficiency (after IRS determination of the tax amount, but before the formal IRS assessment of the tax), the taxpayer generally has 90 days to file a Tax Court petition for "redetermination of the deficiency".
Under the Pension Protection Act of 2006 (PPA), a multiemployer plan is considered to be in critical status if (1) it is less than 65% funded and is projected to have a funding deficiency within five years or to be unable to pay benefits within ...
A bank facing a reserve deficiency has several options. It can try to borrow reserves for one or more days from another bank, sell marketable assets such as government securities, or bid for funds in the money market, ...
In case of default, the creditor may sell the collateral and apply the money thus acquired to payment of the debt, charging the debtor with any deficiency or crediting him with any surplus.
Development to Policyholder Surplus (IRIS) - The ratio measures reserve deficiency or redundancy in relation to policyholder surplus.
A reportable condition is a significant deficiency in the design or operation of a company’s internal control structure which could adversely affect the organization’s ability to record, process, summarize, ...
Writing a check in an amount that will overdraw the account but making up the deficiency by depositing another check on another bank.
Latent Defect
A deficiency or fault within a property that is not easy to see or visibly detectable, such as termite damage or traces of radon above safe levels.
Day trading is exceedingly risky and can outcome in substantial economic deficiency in a very short time span of time. If you are a day dealer, or are conceiving about day swapping, read our publication, Day swapping: Your Dollars at Risk.
In some states, "antideficiency statutes" provide that mortgages secured by personal residences are non-recourse against the borrower.[1] ...
However, lenders may or may not agree to take the short sale as full debt satisfaction. In result, they could file a deficiency judgment for the remaining loan amount and the borrower's credit and capability of taking another home loan soon after the ...
Underimprovement
A building which suffers from a deficiency of size or cost which makes it not the highest and best use of the site.
A general term for loss of blood brought about by injury to the blood vessels or by a deficiency of certain necessary blood elements such as platelets.
hemorrhagic cystitis
Painful, frequent bloody urination.
Sales allowance - The reduction in the selling price of goods because of a particular problem (e.g., breakage, quality deficiency, incorrect quantity).
Sales budget - Is a budget of the expected sales in both dollars and units.
To overcome this deficiency, some companies will reconcile not only the beginning and ending balances, but also the total checks per the bank statement to the total disbursements per the company records, ...
For example, if 20 investors received $20 million in dividends and later a $10 million shortfall occurs, the dividend clawback to fund the deficiency is $10 million. If there is no investment shortfall, no dividend clawback is paid.
An agreement to contribute as equity to a project the value of all previously realized project-related tax benefits not already clawed back to the extent required to cover any cash deficiency of the project.
Popular terms ...
Private mortgage insurance (PMI) - Insurance provided by private carrier that protects a lender against a loss in the event of a foreclosure and deficiency.
Scholars generally measure entrepreneurship by using numbers of self-employed people; the deficiency in such a measure is that some people become self-employed partly to avoid, or even evade, income and payroll taxes.
firm's house requirements which are usually more stringent than those for the exchange. If the account is not brought up to maintenance levels, the brokerage firm has the right to liquidate some of the client's securities to eliminate the deficiency.
The important thing is to know where you're weak. If you're lacking in one department, be honest with yourself and build on that deficiency. Or, find a partner that you can trust who complements your strengths and weaknesses.
 See also: Expense, Bills, Banks, Values, Forward contract
  
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