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A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law. ... Read Article

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June 12, 2007 CA Dept of Housing and Community Development * Additionally, just as the worst vintages of subprime loans finish resetting, new problems are emerging in “Alt-A” and “Prime” mortgage markets where even borrowers with good credit scores are defaulting at higher rates as home prices and equity fall. ... Return Doc

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