Examlex
Describe the circumstances in which the potential § 1245 depreciation recapture is extinguished.
Redeem
To recover possession of something by paying a specified amount, or to fulfill a promise or obligation.
Default
Failure to fulfill an obligation, especially failure to meet a financial commitment or appear in a court of law.
Prepayment Penalty Clause
A provision in a contract that imposes a penalty on a borrower for paying off a loan before its maturity date.
Mortgage Loan
A mortgage is a loan that is secured by tangible real estate property, evidenced through a mortgage note that demonstrates both the loan's existence and the property's lien.
Q8: Why is it generally better to have
Q17: Electronic databases are most frequently searched by
Q18: Defined contribution plans are generally more favorable
Q26: An individual,age 40,who is not subject to
Q40: Peggy uses a delivery van in her
Q53: Define fair market value as it relates
Q59: Which of the following statements regarding a
Q60: Betty,a single taxpayer with no dependents,has the
Q68: Lucinda,a calendar year taxpayer,owned a rental property
Q89: Lois received nontaxable stock rights with a