Ballentine's law dictionary. Anderson, W.S.. 1998.
capital gain — The profit realized on the sale or exchange of a capital asset. I.R.C. No. 1201. The gain is the difference between the cost or the adjusted basis of an asset and the net proceeds from the sale or exchange of such asset … Black's law dictionary
capital gain — The profit realized on the sale or exchange of a capital asset. I.R.C. No. 1201. The gain is the difference between the cost or the adjusted basis of an asset and the net proceeds from the sale or exchange of such asset … Black's law dictionary
capital gain — For income tax purposes, a gain realized only from sale or exchange of capital assets. A taxable gain is conditioned upon the presence of a claim of right to the alleged gain and the absence of definite obligation to repay or return that which… … Ballentine's law dictionary
capital gains — index boom (prosperity) Burton s Legal Thesaurus. William C. Burton. 2006 capital gains … Law dictionary
Capital gains tax — A capital gains tax (abbreviated: CGT) is a tax charged on capital gains, the profit realized on the sale of a non inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds,… … Wikipedia
Capital accumulation — Most generally, the accumulation of capital refers simply to the gathering or amassment of objects of value; the increase in wealth; or the creation of wealth. Capital can be generally defined as assets invested with the expectation that their… … Wikipedia
asset — anything of worth that is owned. The assets of a business are money in the bank, accounts receivable, securities held in the name of the business, property or buildings, equipment, fixtures, merchandise for sale or being made, supplies and all… … Financial and business terms
Asset — Any possession that has value in an exchange. The New York Times Financial Glossary * * * asset as‧set [ˈæset] noun [countable] ACCOUNTING FINANCE something belonging to an individual or a business that has value or the power to earn money: • The … Financial and business terms
capital gains tax — The tax levied on profits from the sale of capital assets. A long term capital gain, which is achieved once an asset is held for at least 12 months, is taxed at a maximum rate of 20% (taxpayers in 28% tax bracket) and 10% (taxpayers in 15% tax… … Financial and business terms
capital loss — A tax term used in reference to a loss incurred in the sale or exchange of a capital asset. Beginning in 1988, the classification as to short or long term capital losses is no longer relevant … Black's law dictionary
