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

法律翻译Glen，毕业于英国一流的高级翻译学院，专注翻译各类与交易架构和策略有关的法律文件。