Examlex
The concept of ethical standards applies to actions that are hoped for and expected by individuals.
Holding Period
The length of time an investment is held by an investor, influencing tax treatment of gains or losses upon disposal.
Adjusted Basis
The net cost of an asset after adjusting for various tax-related items including improvements, sales, depreciation, and damage.
Assumes Liability
The act of taking on legal responsibility or debt from another party, often occurring in business acquisitions or financial agreements.
Amount Realized
The total sum received from a transaction, including money and the fair market value of any property or services received, before subtracting any costs.
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