Definition of top-slicing in English:


Line breaks: top-slicing


[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.
More 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.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day bimble
Pronunciation: ˈbɪmb(ə)l
walk or travel at a leisurely pace