Examlex
As a result of a redemption, a shareholder's interest (direct and indirect) in the corporation decreased from 58% to 45%. The redemption qualifies for sale or exchange treatment as a disproportionate redemption.
Total impedance
The overall resistance to the flow of alternating current, combining the effects of resistances, inductive reactance, and capacitive reactance in a circuit.
Applied voltage
The external voltage applied across a component or circuit, causing electric current to pass through it.
Circuit
A closed path through which electric current flows or may flow.
Reactive Power
The portion of electricity that establishes and sustains the electric and magnetic fields in AC operations, measured in volt-amperes reactive (VAR).
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