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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Internal Revenue Code

Definition:

The Internal Revenue Code is the whole mass of laws that affect excise taxes, income taxes, and transfer taxes in the U.S.

If you're wondering why you have to pay so much on your taxes or why you get stressed out every April, you can go ahead and blame the Internal Revenue Code.