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Inheritance Tax

An "inheritance tax" is a tax based on the value of property in an estate of a deceased individual. Such a tax is also called an estate tax.

 

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    Q: Capital gain is defined to mean:

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   Brokered Deposit

A "brokered deposit" is a deposit that is obtained from or through the assistance of a deposit broker. A "deposit broker" refers to a person engaged in the business of placing deposits or facilitating the placement of deposits with insured depository institutions. For example, a securities broker-dealer may pool money from a number of small investors, and then package and market them them to a financial institution usually in $100,000 amounts.

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