Examlex
In the presence of two or more ions, it is the sum of their concentration that determines the direction of movement of those ions across a membrane.
Taxpayer's Business
This term generally refers to any business activity or venture that is conducted with the aim of generating income or profit taxable to the individual or entity undertaking the activity.
Cash-Basis Taxpayer
An individual or entity that reports income and deductions in the year that cash is received or paid, respectively.
Account Receivable
Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Bad Debt
A financial loss that occurs when a debtor fails to repay a loan or credit extended, considered non-recoverable and potentially eligible for a tax deduction.
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