Progress review
A periodic review of a capital investment project to evaluate its continued economic viability. |
Similar financial terms
Progressive tax systemA tax system wherein the average tax rate increases for some increases in income but never decreases with an increase in income.
Progressive tax
A tax that tends to take a smaller percentage of the incomes of lower income citizens compared to the percentage it takes of the incomes of wealthier citizens. Example: an income tax with steeper rates for those in higher income brackets, or a special sales tax levied only on expensive "luxuries" like Philippe Patek watches or Mercedes-Benz sport cars.
