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Deferred Tax Asset
Future tax benefit from deductions, losses or credits.
Deferred Tax in a Business Combination
Tax effects created by fair-value adjustments in an acquisition.
Deferred Tax Liability
Future tax payable because accounting and tax values differ.
Defined Benefit Obligation (DBO)
Present value of pension benefits employees have earned.
Defined Contribution Plan
A retirement plan where the employer's obligation is limited to fixed contributions.
Depreciated Replacement Cost (DRC)
Replacement cost today minus all loss in value.