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.
To put it very simply, excretion is the removal of toxic substances and metabolic wastes, meaning that all living organisms engage in some form of excretion. In plants, that takes the form of gaseous excretions and water; in animals, it's generally gases, fluids, and solid wastes. Cells (like the cells of your body) and simple-celled organisms (such as single-celled amoebas, yeasts, and bacteria) engage in molecular excretion.