Examlex
If participating nations continue to follow the Montreal Protocol recommendations, ozone levels should return to 1980 levels by the year 2071.
Taxable Estate
The total value of an individual's estate that is subject to federal estate taxation upon their death.
Taxable Income
The portion of income, subject to taxes, calculated by deducting allowable deductions from gross income.
Charge and Discharge Statement
A financial report detailing the charges (debts or obligations) and discharges (payments or settlements) within a specific period.
Remainderman
An individual who inherits or is entitled to inherit property upon the expiration of a life estate.
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