net operating loss

The excess of operating expenses over revenues, the amount of which can be deducted from gross income if other deductions do not exceed gross income. — Abbr. NOL. [Cases: Internal Revenue 3399. C.J.S. Internal Revenue § 200.]
专业法律词汇 词条贡献者
资深译员Chris,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与卫星及航天技术诉讼有关的法律文件。
Scroll to Top