Examlex
Keep Corporation joined an affiliated group by merger in 2011. The group generated a consolidated 2011 NOL, and Keep's share of the loss was $50,000. Lacking an election by the parent to the contrary, Keep can carry the loss back to its separate 2009 return, and the parent can claim a tax refund.
Business-Owner
An individual who legally owns and operates a business, taking on financial risks with the aim of earning profits.
Loyal
Describes a quality of being faithful and devoted to someone or something.
Phrenology
A now-discredited theory that the shape and size of the cranium could determine character and mental abilities.
Greek
A language originating from Greece, notable for its historical significance in literature, philosophy, and science.
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