Examlex
Any tax whose burden depends on the outcome of an economic decision can be expected to create an economic distortion.
Personal Tax Rate
The percentage at which an individual's income is taxed by the government.
Limited Liability
A legal structure that limits the financial liability of company owners to the amount they have invested in the company.
Debt Instrument
A paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance with terms of a contract.
Bond
A fixed income investment in which an investor loans money to an entity (corporate or governmental) which borrows the funds for a defined period at a variable or fixed interest rate.
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