Examlex
Accurate medium-range planning increases the likelihood of operating within the limits of a budget.
Carry Forward
A tax provision allowing taxpayers to apply a current year's unused tax credits or losses to future tax years.
80% Test
A requirement or threshold in various contexts where at least 80% of some criteria must be met, but in finance, it often relates to rules around shareholder voting rights or dividend distribution policies.
Recognize Gain
To report and potentially pay taxes on profits from the sale of an asset when the selling price exceeds the asset's adjusted basis.
Stockholder
An individual or entity that owns shares in a corporation, thus holding a portion of the company's ownership.
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