worthless security

A security that has lost its value, for which a loss (usu. capital) is allowed for tax purposes. IRC (26 USCA)§ 165. [Cases: Internal Revenue 3429.]

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词条贡献者

资深译员Gilbert，国际知名法学院法律翻译专业，擅长翻译各类与复杂知识产权诉讼相关的法律文件。