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Financial terms in "E-commerce"

1. online banking

2. discount rate

3. Digital Wallet

4. electronic cheque

5. Exchange

6. electronic commerce

7. Clickstream

8. E-Procurement

9. delayed settlement processing

10. ACH

11. phishing

12. Reserve account

13. holdback

14. EFT

15. Infomediary

16. Acquirer

17. Merchant Bank

18. Issuing bank

19. business-to-business

20. electronic wallet

21. envelope

22. Electronic funds transfer

23. Wire transfer

24. Settlement

25. digital money

26. Authentication

27. E-Commerce

28. EDC

29. micropayment

30. E-Tailer

31. Virtual bank

32. B2C

33. FAQ

34. Transaction

35. merchant number

36. disintermediation

37. Issuer

38. OBI

39. GW

40. Cyberspace


42. EDI

43. B2B

44. business-to-consumer

Featured term of the day

Definition / Meaning of

Lifetime Learning Credit

Categories: Tax,

You may qualify to claim a lifetime learning tax credit of up to $2,000 each year for qualified higher educational expenses for yourself, your spouse, or a dependent if your family's modified adjusted gross income falls within the annual limits that Congress sets. Those amounts tend to increase slightly each year.The course work must be one or more courses but doesn't have to be part of a degree- or certificate-granting program, though the tax credit can be used for undergraduate, postgraduate, or professional studies. Even if you are paying for more than one person's education, you can take only one lifetime learning credit per year.If you claim the credit while you're taking withdrawals from tax-free college savings plans such as a section 529 plan or an education savings account (ESA), you'll have to plan carefully. Your withdrawals will lose their qualified status and be subject to tax and penalty if you use them to pay for the same expenses for which you claim the tax credit. You can't take the credit, though, if you claim a tuition and fees deduction in calculating your adjusted gross income or deduct the amount as a business expense.

Most popular terms

1. Discrimination
2. Sovereign Wealth Funds
3. Employer Sponsored Retirement Plan
4. Cash Balance Pension Plans
5. Risk Manager
6. Cash Forward Contract
7. Direct Investment
8. Expiration Cycle
9. Fall
10. Homeowners Policy Special Form 3 (HO 3)

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