What Is a Tax Anticipation Note (TAN)? A Tax Anticipation Note (TAN) is a short-term debt security issued by a state or local government to raise money for a public project. The debt is repaid with future tax collections. Municipal governments use tax anticipation notes to borrow money, typically for one year or less and
What Was a Tandem Plan? A tandem plan was a mortgage purchase program subsidized by the U.S. government. Under a tandem plan or program, the Government National Mortgage Association (GNMA), colloquially known as Ginnie Mae, bought mortgages at a discounted market price and then sold them through the Federal National Mortgage Association (FNMA), better known
What Is a Tangible Asset? A tangible asset is an asset that has a finite monetary value and usually a physical form. Tangible assets can typically always be transacted for some monetary value though the liquidity of different markets will vary. Tangible assets are the opposite of intangible assets which have a theorized value rather
What Is Tangible Common Equity (TCE)? Tangible common equity (TCE) is a measure of a company’s physical capital, which is used to evaluate a financial institution’s ability to deal with potential losses. It is often used when analyzing financial firms that do not normally have a relatively large amount of tangible assets. Tangible common equity
What Is a Tangible Cost? A tangible cost is a quantifiable cost related to an identifiable source or asset. Tangible costs can be directly connected to a material item used in production or to conduct business operations. Key Takeaways A tangible cost is a quantifiable cost of doing business that is connected to a specific
What Is Tangible Net Worth? Tangible net worth is most commonly a calculation of the value of a company that excludes any value derived from intangible assets such as copyrights, patents, and intellectual property. For an individual, the tangible net worth calculation includes home equity, any other real estate holdings, bank and investment accounts, and
What is Tangible Personal Property? Tangible personal property is a tax term describing personal property that can be physically relocated, such as furniture and office equipment. Tangible personal property is always depreciated over either a five- or seven-year period using straight-line depreciation but is eligible for accelerated depreciation as well. Tangible personal property is anything
What Is There Ain’t No Such Thing as a Free Lunch (TANSTAAFL)? “There ain’t no such thing as a free lunch” (TANSTAAFL), also known as “there is no such thing as a free lunch” (TINSTAAFL), is an expression that describes the cost of decision-making and consumption. The expression conveys the idea that things appearing free
What Is a Tap Issue? A tap issue is a procedure that allows borrowers to sell bonds or other short-term debt instruments from past issues. The bonds are issued at their original face value, maturity, and coupon rate but are sold at the current market price. A tap issue is also referred to as a
What Is Tape Reading? Tape reading is an old technique that day traders used to analyze the price and volume of a given stock. From roughly the 1860s through the 1960s, stock prices were transmitted over telegraph lines on ticker tape that included a ticker symbol, price, and volume. These technologies were phased out in
