Examlex
The ________ model of decision making arises when two or more groups form, each representing a different preference, and each tries to use power and negotiation to sway the decision.
Carry Back
A tax provision that allows a business to apply current year net operating losses to past tax years to receive a tax refund for previously paid taxes.
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.
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