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An "Acknowledgment by a Bank" That It Has Received Money

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An "acknowledgment by a bank" that it has received money from a customer with a promise by the bank that it will repay the money received at a date specified or,in some instances,on demand is a:


Definitions:

Deductible Contribution

A contribution to a qualified plan or account that is eligible to be deducted from the contributor's gross income for tax purposes.

Nonprofit Cemetery

A burial ground operated by an organization that does not seek to make a profit, often eligible for certain tax exemptions.

Schedule A

The section of the tax form 1040 used by taxpayers to itemize deductions.

Itemized Deductions

Specific expenses that taxpayers can report in order to decrease their taxable income, as opposed to taking a standard deduction.

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