Business / Real Estate / Installment Sale: An income tax method of reporting gain received from the sale of real estate when the sales price is paid in installments, i.e., where at least one payment is to be received after the close of the taxable year in which the sale occurs. No down payment is required in an installment sale. If certain conditions are met the taxpayer can save on taxes by postponing the receipt of an installment and the reporting of such income to future years when his or her other income may be lower. Thus, a taxpayer can avoid paying the entire tax on the gain in the year of sale.
Sale Noun Synonyms: selling, traffic, vending, marketing, trafficking, trading, trade, exchange, transaction
Business / Real Estate / Sale-Leaseback: A transaction in which an owner sells his or her improved property and, as part of the same transaction, signs a long term lease to remain in possession of the premises. MORE
Business / Accounting / Sales: Income received from selling goods or a service. See Revenue . MORE