Meals and Entertainment Expense
Barron's Finance & Investment Dictionary:
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Meals and Entertainment Expense
expense for meals and entertainment that qualifies for a tax deduction. Under current tax law, employers may deduct 50% of meals and entertainment expenses that have a bona fide business purpose. For example, a business meal must include a discussion producing a direct business benefit.
| Mbs Clearing Corporation (MBSCC), May Day | |
| Mean Return, Mechanic’s Lien |
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Meals and Entertainment Expense
Barron's Business Dictionary:
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Meals and Entertainment Expense
Expense for meals and entertainment that qualifies for a tax deduction. Under current tax law, employers may deduct 50% of meals and entertainment expenses that have a bona fide business purpose. For example, a business meal must include a discussion producing a direct business benefit.
| Maturity Date, Maturity, Mature Economy | |
| Mean Return, Mean, Arithmetic, Mean, Geometric |
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Barron's Finance & Investment Dictionary
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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