Examlex
What form of compensation is most common for salespeople in the pharmaceutical industry?
Fair Market Value
The price at which property would sell on the open market between a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts.
Capital Loss
A financial loss that occurs when the selling price of an investment is less than its purchase price.
Gift Tax
A federal tax on the transfer of property by gift from one individual to another, where the giver receives nothing or less than full value in return.
Assumed Mortgage
When a property buyer takes over the seller's existing mortgage, it is referred to as an assumed mortgage.
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