Spanish translation: bonos de impuestos y pérdidas que no devengan intereses
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
non-interest bearing tax and loss bonds
bonos de impuestos y pérdidas que no devengan intereses
English to Spanish translations [PRO] Bus/Financial - Accounting / Financial Statements
English term or phrase:non-interest bearing tax and loss bonds
The Company is permitted a tax deduction, subject to certain limitations, for amounts required to be set aside in statutory contingency reserves by state law or regulation.
The deduction is allowed only to the extent the Company purchases U.S.
Government ***non-interest bearing tax and loss bonds*** in an amount equal to the tax benefit attributable to such deductions.