Examlex
In the case of bad debts and worthless securities, the statute of limitations on claims for refund is seven years.
Selling Stock
The act of offering shares of a private corporation to the public in a new stock issuance, allowing the seller to raise capital from public investors.
Market Price
The immediate price at which the open market is willing to trade assets or services.
Repurchase Stocks
A company's action to buy back its own shares from the marketplace, which can affect the company's stock price and earnings per share.
IRS
Stands for Internal Revenue Service, the U.S. government agency responsible for tax collection and tax law enforcement.
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