Financial Terms Glossary - I In bookkeeping, a fixed sum of
money that is replenished from the general checking account. An
example is a petty cash box of say $300. The cash is used for
small payouts and is replenished as needed. Another example is a
payroll checking account. It contains only enough money to cover
all the paychecks, and in some cases, the payroll taxes. The IRS
has the authority to impute or assign interest in a contract
when none is stated, or the stated interest is too low. This
results in reducing the amount of favorable long-term gain and
increasing the interest income that is taxed at the higher
(ordinary) tax rate. incentive stock options Stock options
granted to employees allowing them to buy stock in their
employer's company for a specified price and a specified period
of time. Such options are generally subject to income tax when
the stock is disposed of. A term to describe moving income from
one year to another. Also the shifting of income from one family
member to another to take a