Examlex
Only a judge can challenge that a defense attorney's performance was ineffective.
Unrealized Loss
An unrealized loss occurs when an asset's value decreases after it is purchased but before it is sold, reflecting a decrease in value that has not been realized through a transaction.
Fair Value
The estimated price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.
Income Statement
A financial statement that shows a company's revenues and expenses, culminating in a net profit or loss over a specific period.
Other than Temporary
A designation for impairments or losses that are expected to be permanent or long-lasting rather than temporary fluctuations.
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