Examlex
Price dumping occurs when a domestic company is trying to get rid of out-of-style products at a substantially reduced price.
Taxable Income
The portion of an individual's or corporation's income used as the basis for calculating tax owed to the government, after all allowable deductions or exemptions.
Preferred Stock
Preferred stock is a class of shares that typically provides a fixed dividend and has priority over common stock in the event of a liquidation, but generally does not carry voting rights.
Deductible
An amount that can be subtracted from an individual's or organization's taxable income, thereby reducing the amount of tax owed.
Tax Deductible
Refers to a qualifying expense that can reduce an entity's taxable income, and thereby reduce its tax liability.
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