Examlex
Norm-referenced tests are used to indicate progress toward specific competency levels.
Interest Tax Shield
The reduction in income taxes that results from the deduction of interest payments on debt from taxable income.
Unlevered
Pertaining to a business or investment that does not involve borrowing, thereby not subject to the risks and rewards of leverage.
Tax Loss Carry Forward
A tax rule allowing businesses or individuals to use a net loss in one period to offset a profit in future periods for taxation purposes.
Interest Tax Shield
The reduction in income taxes that results from the deductible nature of interest payments on debt.
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