What is a 'Tax Rate'. A tax rate is the percentage at which an individual or corporation is taxed. The tax rate is the tax imposed by the federal government and some states based on an individual's taxable income or a corporation's earnings. The United States uses a progressive tax rate system, where the percentage of tax increases as taxable income. Next Up.
Escheat is the reversion of property to a state when that property is lacking claimants or heirs. In the oil & gas industry, the property is usually an unclaimed oil and gas royalty or override payment.
v. leached, leachÂ·ing, leachÂ·es. v. tr. 1. To remove soluble or other constituents from by the action of a percolating liquid: heavy rains that leached the soil of minerals. 2. To remove from a substance by the action of a percolating liquid: acids in groundwater that leach calcium out of the bedrock. 3.To empty; drain: a world leached of pleasure, voided of meaning (Marilynne Robinson).. To remove from a substance by the action of a percolating liquid: acids in groundwater that leach calcium out of the bedrock. 3. To empty; drain: a world leached of pleasure, voided of meaning (Marilynne Robinson).