Examlex
The term clinical psychology was first used in print in the year ______.
Limited Partner
An investor in a partnership who is not involved in daily business operations and whose liability is limited to the amount invested.
Passive Loss Rules
Tax regulations that limit the amount of passive activity losses (from investments in which the taxpayer does not materially participate) that can be deducted in a given year.
Materially Participates
In terms of tax law, an individual's active and regular involvement in the operations of a business, affecting eligibility for certain tax deductions.
Passive Activity
Economic activities in which the taxpayer does not materially participate, often producing income subject to special tax rules.
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