Examlex
The DEF Partnership had three equal partners when it was formed.Partners D and E were calendar year taxpayers and Partner F's tax year ended on June 30th before he joined the partnership.Partner F was required to change his tax year to end on December 31st upon joining the partnership.
Individual
Refers to a single, separate, unique member or entity, often used in the context of a single person or unit in a study or statistical analysis.
FDA Approval
The authorization granted by the Food and Drug Administration indicating that a product is safe and effective for its intended use in the United States.
Average Payoff
The expected return or outcome from a particular strategy, investment, or action, calculated as the sum of all possible payoffs weighted by their probabilities.
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