Examlex
Taxpayers are allowed to recognize net passive losses from all activities up to a ceiling of $25,000.
Blast Wave
A high-energy shock wave resulting from an explosion, characterized by an abrupt increase in pressure and velocity of the surrounding medium.
Electromagnetic Wave
Waves of the electromagnetic field, propagating through space, carrying electromagnetic radiant energy.
Plastic Explosives
A type of explosive material that is moldable or flexible, used in military and demolition applications.
Traditional Explosives
Substances that undergo a rapid chemical reaction producing gases at high temperature and pressure, used historically in military, mining, and construction.
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