Examlex
The purpose of hot asset rules is to ensure that selling partners recognize all gain or loss on the sale of their partnership interests as capital.
Power Elite
The concept of the "power elite" refers to a small group of people who hold a disproportionate amount of power and influence in society, often at the expense of the broader populace's wishes.
Hidden Curriculum
Values or behaviors that students learn indirectly over the course of their schooling.
Transmits Knowledge
The process of conveying or spreading information, skills, or understanding from one person or group to another.
Modern Society
A term often used to describe contemporary societies characterized by technological advancement, urbanization, and complex social institutions.
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