-NeeBo Glossary-

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• Tangible net worth - Total assets minus intangible assets, which include patents and copyrights, and total liabilities.


• Tax clawback agreement - An agreement to contribute as equity to a project the value of all previously realized project-related tax benefits not already clawed back. Exercised to the extent required to cover any cash deficiency of the project.


• Tax evasion - Illegal by reducing tax burden by underreporting income, overstating deductions, or using illegal tax shelters.


• Temporal method - A currency translation method under which the choice of exchange rate depends on the underlying method of valuation. Assets and liabilities valued at historical cost (market cost) are translated at the historical (current market) rate.


• Time Interest Earned -A metric used to measure a company's ability to meet its debt obligations. It is calculated by taking a company's earnings before interest and taxes (EBIT) and dividing it by the total interest payable on bonds and other contractual debt.