Examlex
The shared meanings, beliefs, morals, values, and customs of a group of people constitute its
FMV
Fair Market Value, the price at which property would change hands between a willing buyer and a willing seller, neither being under compulsion to buy or sell.
Distribution
The payment of dividends or assets to shareholders or partners from a corporation, partnership, or another type of entity.
Partnership
A type of business structure where two or more people share ownership, as well as the responsibility for managing the business and the income or losses it generates.
Ordinary Income
Income earned through salaries, wages, commissions, and interest, subject to standard tax rates.
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