Examlex
There are three (3)types of freehold estates: fee simple conditional,fee simple unconditional,and life estate.
Accounting Functions
The systematic process of recording, analyzing, summarizing, and reporting the financial transactions of a business.
Collateral
Assets pledged by a borrower to secure a loan or other credit, ensuring the lender can seize these assets if the borrower fails to repay.
C-Corporation
A C-Corporation is a business structure where the owners or shareholders are taxed separately from the entity, which is recognized as a legal entity under U.S. law.
Double Taxation
The imposition of taxes on the same income, asset, or financial transaction at two different levels, such as corporate earnings and shareholder dividends.
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