Examlex
If a resident alien shareholder moves outside the U.S., the S election is terminated.
Easement
A right granted to use another's property for a specific purpose, such as right of way or utility installation.
Possess
To have or hold property, assets, or rights, either legally or physically.
Profit
The financial gain achieved when the revenue gained from a business activity exceeds the expenses, costs, and taxes associated with sustaining the activity.
Tenancy In Common
Joint ownership of property in which each party owns an undivided interest that passes to his or her heirs at death.
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