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deduction

deduction : a deduction usually taken from gross income that is allowed for losses or expenses attributable to business activities or to activities engaged in for profit charitable deduction : a deduction allowed for a contribution to

license

1 a : a right or permission granted by a competent authority (as of a government or a business) to engage in some business or occupation, do some act, or engage in some transaction which would be

judgment

intellectual process of forming an opinion or making a decision ;also : an opinion or decision so formed business judgment : a decision by a person or body (as a board of directors) having authority to act

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inventory

furnished under a contract for service, raw materials, work in process, or materials used or consumed in a business or held for sale or lease b under section 9-109 of the Uniform Commercial Code : goods that

insurance

against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a : the business of insuring persons or property b : coverage by contract whereby for an agreed payment one party agrees

going concern value

: the value of the assets of an enterprise or of the enterprise itself considered as an operating business and therefore based on earning power and prospects rather than on the value of the same assets or

firm

from Latin firmare to make firm, confirm] 1 : the name or title under which a company transacts business 2 : a partnership of two or more persons that is not recognized as a legal person distinct

economic duress

conduct that creates fear of economic hardship which prevents the exercise of free will in engaging in a business transaction ;also : the defense of economic duress called also business compulsion

due diligence

that a prudent person might be expected to exercise in the examination and evaluation of risks affecting a business transaction b : the process of investigation carried on usually by a disinterested third party (as an accounting

disparagement

disparagement 1 : the publication of false and injurious statements that are derogatory of another's property, business, or product called also business disparagement commercial disparagement disparagement of property slander of goods trade libel 2 :

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