Examlex
Frequently, persons with knowledge of computers access the credit card numbers of consumers who have made purchases on the Internet and use these credit card numbers without authorization. This act constitutes the crime of:
Gift
A voluntary transfer of property or funds from one person to another without receiving anything in return, or at least without expecting a return equal to the value of the gift.
Short-Term Capital Loss
A financial loss realized on the sale of securities or assets held for one year or less, which can be used to offset capital gains for tax purposes.
Long-Term Capital Gain
The profit from the sale of an asset held for more than a year, generally taxed at a lower rate than short-term gains.
AGI
Adjusted Gross Income, the total income minus specific deductions, serving as a basis for calculating taxable income and certain tax credits.
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