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An expense for business that is deductible from the gross taxable income of the business. Such expenses must usually be ordinary and necessary for the business in order to qualify. … [Read more...] about DEDUCTIBLE BUSINESS EXPENSE

A park or fold for deer. … [Read more...] about DEER-FALD

What may be undone or annulled. Subject to be defeated, annulled, revoked, or undone upon the happening of a future event or the performance of a condition subsequent, or by a conditional limitation. Usually spoken of estates and interests in land. For Instance, a mortgagee's estate is defeasible (liable to be defeated) by the mortgagor's equity of redemption. Defeasible fee. … [Read more...] about DEFEASIBLE

Expenses that may be deducted for tax purposes from personal income taxes. … [Read more...] about DEDUCTIBLE EXPENSES

Engines or great nets made of cord to catch deer. 19 Hen. VIII. c. 11. … [Read more...] about DEER-HAYES