Accrued Dividend.

An accrued dividend is a dividend that has been earned by the shareholders of a company, but has not yet been paid out. This can happen when a company’s dividend payment date falls after its fiscal year-end. In this case, the dividend is said to be “accrued” until it is paid out to shareholders. What … Read more

What Is a Point-Of-Sale Terminal?

A point-of-sale terminal, also known as a POS terminal, is a computerized device used to process sales transactions. POS terminals can be used to process credit and debit card payments, as well as to print receipts and conduct other sales-related tasks. POS terminals are typically connected to a central computer system, which allows them to … Read more

Levy Definition.

A levy is a legal seizure of property to satisfy a tax debt. The Internal Revenue Service (IRS) is authorized to levy, or seize, property to collect taxes you owe. The IRS can seize real estate, personal property, vehicles, boats, airplanes, bank accounts, wages, retirement accounts, commissions, dividends, and more. The IRS must first assess … Read more