Glossary T-Z

Here you will find my ‘plain English’ definitions for some of the terms used every day around a production.

You can navigate to alphabetical sections of the Definitions or scroll through the list of terms. Generally site references to any terms are linked to their Glossary entry on this page. I also link to more “official” sites for any of the truly technical terms.

And return to the Glossary Home page for more helpful External Links.

Navigation:
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If you’ve come across a term or an acronym that you aren’t familiar with please let me know by submitting it below. I’ll do my best to get you a definition and an explanation.

 
T TERMS

Table Read
Tail Slate
Tax Credits
Tax Deductions
Tax Deductions
Tax Incentive Specialist
Tax Incentives
Tax Rebate
Tax Returns
Tech Scout
Territory
Terrorism Coverage
Test Day
The Works
The Zone
Third
Third Party CPA Audit
Third Party Profit Participants
Tiers
Titles
Topsheet
Total Cost
Trailer
Transaction Cost
Transferable Tax Credit
Travel Time
Treatment
Trial Balance
Turnaround
Turnaround

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U TERMS

Umbrella Liability Coverage
Underwriter (Insurance)
Union Benefits
Union Contracts
Unions
Used and Consumed

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V TERMS

Vacation & Holiday Pay
Variances
Vendors
irtual Print Fee
Visual Effects Unit

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W TERMS

W-2
W-4
W-9
Waterfall
Week
Weekly Player
WGA
White
Withholdings
Work Finish (WF)
Work for Hire
Worker’s Compensation Insurance
Wranagler
Wrap Schedule
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X TERMS

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Y TERMS

Yellow

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Z TERMS


Edit Decision List(EDL):
A complete list of each and every cut point in the final Edit of a show.
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Table Read:
See Script Read Through
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Tail slate:
Term used to indicate that the slate or marker for the scene is done at the end of the scene instead of the opening of the scene. Generally the slate is turned upside down for a tail slate.
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Tax Credits:
A specific type of Tax Incentive where a qualifying company receives a credit against their tax liabiiity; may be Refundable, Transferable or Non-Transferable;
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Tax Deductions:
Generally refers to costs or expenses that can be used to offset revenues in calculating the net amount of taxable income of a person or company.
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Tax Deductions:
Sometimes refers to taxes that are deducted at the source as in the case of employee withholdings from wages.
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Tax Incentive Specialist:
A member of what this site refers to as your Professional Team, someone who is an expert in tax incentive regulations and administration
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Tax Incentives:
A financial benefit to a production paid by a local governing body in exchange for shooting a qualifying show in their jurisdiction; may come in the form of a Tax Credit or Rebate.
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Tax Rebate:
A particular type of Tax Incentive that provides a cash rebate once all conditions have been met.
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Tax Returns:
Generally, the statutory reporting of income and payment of tax obligations of an individual, a company or other legal entity; Filed annually, either on a Calendar Year or Fiscal Year basis.
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Tech Scout:
In pre-production, an event scheduled for the final two weeks of prep wherein all key crew and Department Heads along with the producer and director visit each location for a walk-through of what will be shot there.
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Territory:
The geogrpahical area covered in an agreement.
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Terrorism Coverage:
A type of insurance that is added to other coverages to include business interruptions due to terrorism.
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Test Day:
In pre-production, an event scheduled to test various elements on camera including, but not limited to make-up, hair and wardrobe.
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The Works:
Generally the name given to Makeup, Hair and Wardrobe process; as in, “the actors are in The Works.”
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The Zone:
The geographic area designated in a union agreement in which a cast and crew is treated as “Report To”; Any call outside The Zone requires some pay for Travel Time.
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Third:
With respect to the crew rate structure, this is the rate for all department members other than Key or Second in a department.
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Third Party CPA Audit:
A requirement of certain tax incentive programs that a Third Party CPA firm perform an audit on the books and records of a production.
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Third Party Profit Participants:
In the revenue stream or Waterfall these are profit participants other than the investors and the producer; they are generally paid from Producer’s share.
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Tiers:
In low budget union agreements, a reference to budget levels which determine different wage scales and terms
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Titles:
A reference to screen credits, either the Main Titles or the End Credits.
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Topsheet:
The summary page or pages of a production budget.
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Total Cost:
On a Cost Report defined as the Actual Cost To Date (CTD) plus all Purchase Order Commitments.
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Trailer:
The promotional piece created as the principal sales tool for the show; generally approximately 2 minutes long.
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Transaction Cost:
The cost of executing a particular transaction; for example, legal fees would represent a transaction cost of setting up a Negative Pick Up deal.
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Transferable Tax Credit:
A Tax Credit that can be transferred or sold to a third party.
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Travel Time:
Generally time spent in getting to and from set when not working in The Zone or time spent travelling to Distant Location; travel time is work time.
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Treatment:
A writing step that is a telling of the story in normal paragraph form (as opposed to script format); a treatment can be anywhere from three pages to fifty pages depending on the length of the program.
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Trial Balance:
An accounting term for a summary of the Balance Sheet accounts which conform to the Accounting Equation, ie, Assets= Liabilites + Equity
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Turnaround:
with respect to Work Conditions see “Rest Period”.
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Turnaround:
When rights revert or are transferred due to option holders decision not to continue with a project- studio decides not to do a project so it is “in turnaround”.
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Umbrella Liability Coverage:
Insurance coverage designed to add to the limits of other types of coverage. For example, having a $1 million dollar umbrella for a $2 million General Liability Policy means effectively that you have $3 million in General Liability coverage.
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Underwriter (Insurance):
The insurance company that is actually issuing a production’s insurance policy, as opposed to the Broker.
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Union Benefits:
Generally defined as Pension, Health and Welfare, also known as Fringe Benefits, these payments are made in accordance with a Collective Bargaining Agreement.
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Union Contracts:
The agreement between producers and the collective bargaining units representing workers. See Collective Bargaining Agreement (CBA).
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Unions:
The collective bargaining units covering workers in the motion picture and television industry these include: SAG-AFTRA, DGA, WGA, IATSE, Teamsters, AFM.
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Used and Consumed:
A tax incentive concept whereby an expenditure qualifies in a state if it “used and consumed” in that state. NY is one example of such a state.
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Vacation & Holiday Pay:
Generally a Union Benefit accrued or accumulated as a percentage of gross wages earned.
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Variances:
In a Cost Report, the differences, over and under, between the budgeted amount final cost.
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Vendors:
In accounting, anyone who receives payment or reimbursement for goods sold and/ or services provided.
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Virtual Print Fee:
Is the name given to a subsidy payment from a film distributor to an exhibitor to finance the purchase of Digital Cinema Projection equipment.
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Visual Effects Unit:
A separate shooting unit doing shots for use specifically in creating Visual Effects
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W-2:
A Federal tax form sent by employers to each employee in January of every year detailing al of that employeesl earnings and withholdings.
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W-4:
A Federal form required by the IRS to filled out and signed by every employee which indicates the withholding allowances claimed by that employee
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W-9:
A Federal IRS form filled out by a Vendor indicated their Tax Identification Number; either a Socail Security number of Federal Identfication number
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Waterfall:
See “Investment Waterfall”
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Week:
Any consecutive seven day period.
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Weekly Player:
In a SAG contract, someone employed for not less than one full week; employed as a Schedule B player
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WGA:
Writers Guild of America
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White:
In scheduling, the strip color signifying INTERIOR DAY
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Withholdings:
Refers generally to taxes withheld by the payer and remitted to a government entity on behalf of either an individual or company to be used to pay an anticipated tax liability; eg. employee withholdings from salary; may be Federal, State or Local; may also be charged against corporations in order to qualify certain payments for Tax Incentive programs.
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Work Finish (WF):
A work status for a person or element when they have completed their work; used by SAG as a designation that an actor has worked their last day.
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Work for Hire:
A legal term which indicates that the person performing services has no other rights to the results of those services beyond what is stipulated in their employment contract.
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Worker’s Compensation Insurance:
Insurance coverage which covers the medical expenses of an employee for injuries sustained while on the job.
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Wrangler:
A person in charge of keeping track of a specific production element; usually associated with Animals, as in “Animal Wrangler”; can be used for any element.
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Wrap Schedule:
The schedule of completing the details of a shooting period. Begins immediately when shooting ends.
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Yellow:
In scheduing the strip color signifying EXTERIOR DAY
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