Assessment Period
/ˈæsɛsmənt ˈpɪəriəd/
Definitions
- (n.) A specified time frame during which an evaluation or determination, often for tax, insurance, or compliance purposes, is conducted.
The company must submit its financial data for the assessment period defined by the tax authority.
Forms
- assessment period
Related terms
See also
Commentary
Typically fixed by statute or contract, the assessment period is crucial for establishing the temporal scope of legal or regulatory reviews.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.