Examlex
Losses from passive activities that cannot be deducted currently are carried over for up to 5 subsequent years.
Excess Reserves
The amount of reserves that banks hold beyond the required minimum to meet potential withdrawals by customers.
Liquid Asset
Assets that can be quickly and easily converted into cash without significant loss in value.
Store Of Value
An asset that can be saved, retrieved, and exchanged at a later time, and is predictably useful in the future to purchase goods and services.
Medium Of Exchange
A system or object that is widely accepted in exchange for goods and services, facilitating trade by eliminating the need for a barter system.
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