trade expense 1
noundomain: possession
Princeton WordNet [ver.3.1]
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EnglishDefinition
ordinary and necessary expenses incurred in a taxpayer's business or trade
Hypernym
expense 1
noun
amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
EnglishHyponym
the cost (over a period of five years) of organizing a new corporation or partnership
the cost of promoting a product
