Examlex
What is a family of funds,and what are its advantages?
Ordinary
Pertaining to regular or usual conditions, occurrences, or business activities that are not exceptional.
Section 1221
A section of the U.S. Internal Revenue Code that defines all real and personal property subject to depreciation as assets, excluding inventory.
Trade or Business
Regular, continuous, and substantial activities engaged in by an entity to generate income or profit.
FMV
Fair Market Value; the price an asset would sell for on the open market under current conditions.
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