Used for company's balance sheets, this type of asset can reduce income tax expenses for a given time period. Often associated with instances such as loss carryover, these assets allow companies to pay less tax in the future if there are expectations for positive earnings later on.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser