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Corporation
An independent legal entity owned by shareholders, with the distinct capability to own assets, incur liabilities, and conduct business in its own name.
Tax-Deductible Expense
An expense that can be subtracted from gross income to reduce taxable income.
Corporation
A legal entity that is separate and distinct from its owners, who are known as shareholders.
Bonds
Long-term debt securities issued by corporations or governments to finance operations, projects, or other capital needs, paying periodic interest and the principal amount at maturity.
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