Examlex
An exchange rate is the price of one country's currency in terms of the currency of another.
Adjusted Basis
The net cost of an asset after adjusting for various tax-related items, such as improvements and sales.
Fair Market Value
The estimated price an asset would fetch in the marketplace, subject to the willingness of both buyer and seller.
Recognized Loss
A loss on an investment that has been sold for less than its purchase price, which can be used to offset capital gains for tax purposes.
Publicly Traded
Refers to companies whose shares are bought and sold by the public on stock exchanges.
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