short term capital gain

The profit realized from selling or exchanging a capital asset held for less than a specified period, usu. one year.

• It is treated as ordinary income under current federal tax law. [Cases: Internal Revenue 3260. C.J.S. Internal Revenue § 127.]

---

词条贡献者

资深译员Michael，国内知名法学院法律翻译专业，擅长翻译各类与劳动诉讼相关的法律文件。