The tax levied by the federal, state or local government on a person or company's net income after allowable deductions are made. … [Read more...]

In the rule that statutes should be so. construed as to avoid "inconvenience," this means, as applied to the public, the sacrifice or jeoparding of important public interests or hampering the legitimate activities of government or the transaction of public business, and, as applied to individuals, serious hardship or injustice. See Black, Interp. Laws, 102.; Betts V. U. S., 132 … [Read more...]

Burning to ashes; destruction of a substance by fire, as, the corpse of a' murdered person. … [Read more...]

An option to purchase stock that provides favorable tax treatment where profits are charged as long term gain as opposed to ordinary gain. ISOs are required to be held for specific period of time. … [Read more...]

Lat. It is begun; it begins. In old practice, when the pleadings in an action at law, instead of being recited at large on the issue-roll, were set out merely by their commencements, this was described as entering the incipitur; i.e., the beginning. … [Read more...]