Examlex
Define party polarization and discuss its implications for government, politics, and law.
Carried Forward
The process of taking unused tax credits or losses and applying them to offset tax liabilities in future periods.
Subchapter S Corporation
A form of corporation that meets specific Internal Revenue Code requirements, allowing it to be taxed as a pass-through entity, thereby avoiding double taxation on dividends.
Elects
The act of choosing or deciding on a particular option or course of action, often used in legal and financial contexts.
Terminate
To bring to an end; this can relate to employment, contracts, or services, among others.
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