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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Deferred tax liability

Accounting
Also called: DTL

Tax deferred to later years, most often because tax depreciation runs ahead of book depreciation.

In plain terms

Ordinary in capital-intensive businesses. It reverses as the asset ages and book depreciation catches up.

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Indian stock market glossary · Market Vidyalaya