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

资深译员Daniel，国际知名法学院法律英语专业，擅长翻译涉及工程与建设领域的法律文件。