exemption equivalent
exemption equivalent. The maximum value of assets that one can transfer to another before incurring a federal gift and estate tax.
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Search Results for: EXEMPTION EQUIVALENT
exemption equivalent
exemption equivalent 〈美〉最高免税转让财产额 指由于适用统一的税收抵免而免征联邦赠与税或财产税的可转让的最高财产额。
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work product rule
work-product rule. The rule providing for qualified immunity of an attorney’s work product from discovery or other compelled disclosure. Fed. R. Civ. P. 26(b)(3). • The exemption was primarily established to protect an attorney’s litigation strategy. Hickman v. Taylor, 329 U.S. 495, 67 S.Ct. 385 (1947). — Also termed work-product immunity; work-product privilege; work-product exemption;