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At a large factory such as the General Motors Saturn plant, the bargaining unit represented by the union would
Fair Market Value
An estimate of the market value of an asset or property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.
Business Truck
A vehicle used for carrying goods related to a person’s business or commercial activities.
Holding Period
The length of time an investment is held by an individual or entity, affecting the tax treatment of any gains or losses.
Like-kind Exchange
A tax-deferred transaction allowing for the exchange of similar types of property without generating a tax liability from the sale.
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