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.
excretion. 1. the act, process, or function of excreting. Ordinarily, what is meant by excretion is defecation, the evacuation of feces. Technically, excretion can refer to the expulsion of any matter, whether from a single cell or from the entire body, or to the matter excreted.. the act, process or function of excreting. 2. material that is excreted. Ordinarily, what is meant by excretion is the evacuation of feces. Technically, excretion can refer to the expulsion of any matter, whether from a single cell or from the entire body, or to the matter excreted.