• An equivalent of Depreciation for oil and gas reserves; an allowance that reduces taxable income.

 Embedded terms in definition
Taxable income
 Referenced Terms
 Noncash charge: A cost, such as depreciation, Depletion, and amortization that does not involve any cash outflow.

 Operating margin: Measures the percentage of each sales dollar remaining after all expenses associated with producing and selling the product and operating the company are deducted.A Value Line measurement defined as operating earnings (before deduction of Depreciation, Depletion, Amortization, Interest, and income tax) as a percentage of sales or revenues. See also: Value Line Financial Strength.

 Wasting asset: An asset which has a limited life and thus, decreases in value (depreciates) over time. Also applied to consumed assets, such as gas, and termed Depletion. Is a derivative instrument that may expire worthless after a stated time or event. Options, Rights, and Warrants are three wasting assets.

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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