Examlex
When a partner withdraws from a partnership taking assets that represent less than his or her capital balance,
Short-Term Losses
Financial losses realized on the sale or exchange of an asset held for one year or less.
Making a Decision
The cognitive process of selecting a course of action from among multiple alternatives.
Less Than Optimal
A situation or outcome that does not achieve the best possible or most desired performance level.
Disposition Effect
A phenomenon in behavioral finance where investors are more likely to sell assets that have increased in value, rather than those that have decreased.
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