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Double Taxation
The imposition of two or more taxes on the same income, asset, or financial transaction.
Corporate Form
A legal structure for a business recognized as a separate legal entity from its owners, providing limited liability but facing double taxation.
Treasury Stock
Treasury stock consists of shares that were once part of the outstanding stock of a company but were later purchased back by the company from shareholders. These shares do not confer voting rights and do not pay dividends.
Paid-In Capital
The amount of capital "paid in" by investors during common or preferred stock issuances, including the par value of the shares and excess over par.
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