Examlex
A bond held by an investor that is uncollectible will be treated as a worthless security and, hence, produce a capital loss.
Net Income
The total profit of a company after all expenses and taxes have been subtracted from total revenue.
Return on Common
A measure of the profitability relative to shareholders' equity, specifically for common stockholders.
Policy Decisions
Major choices or judgments made by a business, government, or other organization that establish principles or courses of action.
Corporation
A business organized as a separate legal entity owned by stockholders.
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