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A personal holding company cannot take a dividends-paid deduction for
Specific Performance
A legal remedy that requires a party to perform a specific act, often the fulfillment of a contract, rather than simply paying damages for failing to fulfill it.
Condition Precedent
A condition in a contract that must be met before a party's obligation becomes due.
Certified Cheque
A check for which the bank guarantees the availability of funds by verifying and setting aside the desired amount.
Deposit Monies
Funds placed into an account or given to another party as a security for the performance of a contract.
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