ordinary loss

Tax. A loss incurred from the sale or exchange of an item that is used in a trade or business.

• The loss is deductible from ordinary income, and thus is more beneficial to the taxpayer than a capital loss.

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词条贡献者

译者Gloria，毕业于法国顶尖的高级翻译学院，擅长翻译各种与企业设立相关的法律文件。