Examlex
Name the three key principles of the original American Federation of Labor (AFL).
Subsidiary
A corporation that is governed by another corporation, referred to as the parent company, by possessing over 50% of its voting shares.
In-Process Research and Development
Expenditures on research and development activities that are not yet complete, which may be capitalized as an intangible asset.
Indefinite-Lived Asset
An asset that is not anticipated to be consumed or used up and does not have a definable useful life, such as certain trademarks or goodwill.
Amortization
A financial term referring to the gradual reduction of a debt over a period of time by periodic payments of principal and interest.
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