from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A financial arrangement, such as the use of special depletion allowances, that reduces taxes on current earnings.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun A legal structure that reduces tax
liabilityfor a person or that person's assets.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a way of organizing business to reduce the taxes it must pay on current earnings
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