Examlex
If a partnership interest is received in exchange for services rendered, ordinary income must be recognized by the recipient of the capital interest.
National Industrial Recovery Act
A 1933 U.S. law passed as part of President Franklin D. Roosevelt's New Deal to stimulate economic recovery by regulating industry production levels and increasing workers' purchasing power.
NIRA
The National Industrial Recovery Act of 1933, a key part of the New Deal, aimed at restoring economic stability by reducing unemployment and increasing purchasing power.
Industrial Cornerstone
Fundamental principles or practices that are pivotal to the development and growth of the industrial sector, including innovation, mechanization, and capital investment.
Herbert Hoover
was the 31st President of the United States, serving from 1929 to 1933, best known for his administration's failure to halt the Great Depression.
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