Examlex
One person's in-group in another person's out-group
Warranty Expenses
Costs incurred by a company for repairing, replacing, or servicing products under warranty, recognized as a liability at the time of sale.
Municipal Obligations
Debt securities issued by municipalities to fund public projects, which may offer tax-exempt interest income to investors.
Operating Loss Carryback
A tax provision that allows a company to apply a current year's net operating losses to past profit years to obtain a tax refund.
Operating Loss Carryforward
Future reductions in taxable income allowed due to losses incurred in previous periods.
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