Share this entry

Share this page

top-slicing

Line breaks: top-slicing

Definition of top-slicing in English:

noun

[mass noun]
A method of assessing tax chargeable on a lump sum by averaging the sum out over the years it has accrued and charging accordingly.
Example sentences
  • Some of its future funding is likely to come from sponsorship fees, masterclasses, top-slicing of software-related sales and membership charges for some service areas.
  • Consultants have been sent to nations including New Zealand and Ireland, where top-slicing has already been imposed on state broadcasters, to assess its effects.
  • And they have found Executive ministers developing a penchant for top-slicing and ring-fencing - financial jargon which means that councillors are merely to hand out the cash according to strictly defined, centralised rules.

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day resilient
Pronunciation: rɪˈzɪlɪənt
adjective
able to recoil or spring back into shape…