Examlex
Determine the proper tax year for gross income inclusion in each of the following cases.
Payment Of Principal
The act of paying back the original amount borrowed in a loan, separate from interest payments.
Lower In Priority
A status indicating lesser importance or urgency in comparison to other items or tasks.
Convertible Bond
A bond that can be converted into a specified number of shares of stock at the owner’s discretion.
Conversion Price
The predetermined price at which convertible securities can be converted into common stock.
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