Examlex
If qualified production activities income (QPAI) cannot be used in the calculation of the domestic production activities deduction in 2012 because of the taxable income limitation, the product of the amount not allowed multiplied by 9% can be carried over for 5 years.
Legal Reserve Requirements
Regulations that require banks to keep a certain percentage of their deposits in reserve, either in cash on hand or as deposits with a central bank, to ensure liquidity.
Face Value
The nominal or original value stated on a coin, banknote, security, or any other financial instrument, without accounting for inflation, interest, or any other market factors.
Interest Rate
The percentage at which interest is paid by borrowers for the use of money they borrow from a lender.
Reserve Requirement
The portion of depositors' balances that banks must have on hand as cash, a regulation set by central banks to ensure liquidity.
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