Examlex
Explain the purposes, types, and uses of special journals.
Tax-loss Selling
The practice of selling securities at a loss to offset a capital gains tax liability.
Capital Losses
The loss incurred when a capital asset is sold for less than its original purchase price.
Endowment Funds
Long-term funds established by donations that are meant to support a particular organization or cause, where the principal remains intact and the investment income is used for specific purposes.
Investment Time Horizon
The length of time an investor expects to hold an investment before taking the money out.
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