Examlex
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Parcel of Land
A specific piece of land, defined by boundaries, that can be owned or bought.
Capital Gain
The profit from the sale of assets or investments, such as stocks or real estate, which exceeds the purchase price.
Gift
A voluntary transfer of property or funds from one person to another without receiving anything in return, or at least without expecting a return equal to the value of the gift.
Short-Term Capital Loss
A financial loss realized on the sale of securities or assets held for one year or less, which can be used to offset capital gains for tax purposes.
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