Examlex
What does "draft quality" mean when referring to printers?
Ordinary Assets
Assets that are held for sale in the ordinary course of a business or are otherwise not capital assets, including inventory and property used in a trade or business.
Inventory
Goods and materials held by a business for the purpose of sale or production.
Trade or Business
Trade or Business refers to any activity conducted for profit or livelihood, including goods and services production, buying, selling, or providing services.
Ordinary Loss
A loss incurred in the regular operation of a business or the sale of assets used in the business that can be fully deducted in the year it occurs.
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