Combat Zone Definition

Combat Zone Definition

What Is a Combat Zone? A combat zone is an area designated as a war zone during a specified period of time for the purposes of reporting to the Internal Revenue Service (IRS) by military personnel. While working in a combat zone, members of the military receive a number of tax benefits. Key Takeaways A

Mixed Observation Definition

Mixed Observation Definition

What is a Combined Statement? A combined statement includes information on a customer’s various retail banking accounts onto a single periodic statement. Banks and financial institutions offer combined statements for the convenience of the customer and cost efficiency of the bank. Businesses and individuals may request to receive combined statements. Key Takeaways The combined accounting statement includes

Business Account

Business Account

What Is a Commercial Account? A commercial account is any type of bank account that is used by corporations and businesses. A commercial account is usually a checking or other type of demand deposit account, meaning the money can be withdrawn at any time. Regulation Q of the U.S. Federal Reserve prohibits banks from paying

Commercial Blanket Bond Definition

Commercial Blanket Bond Definition

What Is a Commercial Blanket Bond? The term commercial blanket bond refers to a form of business insurance for employers who want to protect themselves against theft, fraud, embezzlement, forgery, or related mischief caused by dishonest employees. This particular type of liability coverage typically applies evenly to a company’s employees and generally does not apply to a company’s customers. Key