Match Each of the Following Items with the Appropriate Description

question 21

Short Answer

Match each of the following items with the appropriate description, in applying the P.L. 86-272 definition of solicitation.
a. More than solicitation, creates nexus
b. Solicitation only, no nexus created
-Purchasing ads that show up on search-result screens for internet browsers.

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Definitions:

Restrictive Covenants

Clauses in a contract that limit or restrict actions the borrower may take during the term of the loan to protect the lender's interests.

Direct Placement

A method of raising capital by selling securities directly to institutional investors like pension funds and mutual funds without public offering.

Long-term Debt

Refers to loans or borrowed capital that is repaid over a time frame longer than one year.

Prototype Financing

The process of securing funds to design, build, and test a prototype before mass production, critical in the development of new products or technologies.