Examlex
For its first taxable year,UY Products Inc.generated a $124,950 net operating loss.The loss resulted in a deferred tax liability that will reverse over future years in which UY is allowed an NOL carryforward deduction.
Sharp Borders
Clearly defined boundaries or distinctions that separate one entity or concept from another, without overlap or ambiguity.
Referents
Entities in the world that words or phrases refer to or denote in discourse.
Circular
Referring to something shaped like a circle or a process that returns to its starting point with no clear beginning or end.
Metaphorical Language
The use of figures of speech, like metaphors, to convey meanings in a non-literal manner, enriching language with imagination and depth.
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