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If both borrowers and lenders anticipate the rate of inflation correctly, then
U.S. Tax Laws
The body of law governing the administration of taxes on individuals, corporations, and other entities in the United States.
Deductibility
The ability of an expense to be subtracted from gross income to determine the taxable income, thus reducing the amount of tax owed.
Contributions
Payments or donations made to an organization, which can be in the form of money, goods, or services.
Prior Service Cost
The expense recognized by a pension plan for benefits earned by employees in periods prior to the implementation of the pension plan.
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