What Is an Incorporated Trustee? An incorporated trustee (also referred to as a “corporate trustee”) is a corporation, usually a trust company, which is named as the trustee of an account such as a private trust or another fiduciary account. Incorporated trustees stand in contrast to an individual person or “natural trustee,” who may also
What Are Incorporeal Rights? Incorporeal rights are rights to property that can’t be seen or touched but are still enforceable by law. Generally, incorporeal rights pertain to intangible property such as copyrights, licenses, rights-of-way, and easements. Incorporeal rights are also known as intangible rights, and incorporeal property is also called intangible property. Key Takeaways Incorporeal
What Are Incoterms? To facilitate commerce around the world, the International Chamber of Commerce (ICC) publishes a set of Incoterms, officially known as international commercial terms. Globally recognized, Incoterms prevent confusion in foreign trade contracts by clarifying the obligations of buyers and sellers. Parties involved in domestic and international trade commonly use them as a kind of shorthand to
What is an Incremental Dividend? An incremental dividend is a series of repeated increases in the dividend a company pays on its common shares. Larger companies with significant cash flow tend to pay incremental dividends as a way to return value to shareholders. Regularly increasing the dividend is also a signal to investors that the
What Is Incremental Cost? Incremental cost is the total cost incurred due to an additional unit of product being produced. Incremental cost is calculated by analyzing the additional expenses involved in the production process, such as raw materials, for one additional unit of production. Understanding incremental costs can help companies boost production efficiency and profitability.
What Is Incremental Marketing? Incremental marketing is the gradual increase in advertising expenditures and product exposure over a period of time, based on benchmarks. Incremental marketing requires a company to break up a long-term marketing plan into smaller components and assign milestones that must be met before further marketing funds are committed. The success of
Incremental Tax Rates for Singles and Married Couples for 2021 Rate For Singles With Taxable Income Over For Married Filing Jointly With Taxable Income Over For Heads of Household With Taxable Income Over 10% $0 $0 $0 12% $9,950 $19,900 $14,200 22% $40,525 $81,050 $54,200 24% $86,375 $172,750 $86,350 32% $164,925 $329,850 $164,900 35%
What Is an Incumbency Certificate? An incumbency certificate (also called a certificate of incumbency or a form of incumbency) is an official document issued by a corporation or a limited liability company (LLC) that lists the names of its current directors, officers, and, occasionally, key shareholders. It specifies who holds which positions within the organization
What Is Incurred But Not Reported (IBNR)? Incurred but not reported (IBNR) is a type of reserve account used in the insurance industry as the provision for claims and/or events that have transpired, but have not yet been reported to an insurance company. In IBNR situations, an actuary will estimate potential damages, and the insurance company may decide to
What Is Indemnity? Indemnity is a comprehensive form of insurance compensation for damages or loss. When the term indemnity is used in the legal sense, it may also refer to an exemption from liability for damages. Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages
