Examlex
What restrictions are placed on an S corporation to be able to make a valid S election?
Profit
The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the operation.
Premium
An amount paid for an insurance policy or the difference above a bond's issue price or its face value in the market.
Real Estate Investment Trust
A company that owns, and in most cases operates, income-producing real estate, offering investors a way to invest in such properties without actually buying them.
Equity Trust
A type of investment trust that holds equities or stocks in various companies as its primary investments.
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