- ordinary loss
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USALosses other than capital losses.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
ordinary loss
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Ordinary Loss — Any loss incurred by a taxpayer that is not considered a capital loss. Ordinary losses can stem from many causes, including casualty and theft. Ordinary losses that are larger than a taxpayer s gross income for the year can leave the client with… … Investment dictionary
ordinary — or·di·nary adj: of a kind to be expected from the average person or in the normal course of events; broadly: of a common kind or degree an ordinary proceeding compare extraordinary Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
loss — n 1: physical, emotional, or esp. economic harm or damage sustained: as a: decrease in value, capital, or amount compare gain b: an amount by which the cost of something (as goods or services) exceeds the selling price compare … Law dictionary
ordinary — 1. noun At common law, one who had exempt and immediate jurisdiction in causes ecclesiastical. Also a bishop; and an archbishop is the ordinary of the whole province, to visit and receive appeals from inferior jurisdictions. Also a commissary or… … Black's law dictionary
loss — The opposite of gain. Bloomberg Financial Dictionary * * * loss loss [lɒs ǁ lɒːs] noun 1. [countable, uncountable] the fact of no longer having something that you used to have, or having less of it: • loss of earnings through illness ˈjob loss… … Financial and business terms
Ordinary People (novel) — Ordinary People … Wikipedia
Ordinary People — This article is about the film. For other uses, see Ordinary People (disambiguation). Ordinary People Theatrical release poster Directed by Robert Redf … Wikipedia
loss of time — An element of damages for personal injury confined to time prior to trial of the action therefor, being inability of the plaintiff to follow his ordinary pursuits regardless of whether he was being compensated therefor at the time of the accident … Ballentine's law dictionary
List of No Ordinary Family episodes — No Ordinary Family was an American television sci fi comedy drama. The series ran on ABC from September 28, 2010[1] to April 5, 2011. The show centers on the Powells, a typical American family whose members gain special abilities after their… … Wikipedia
Passive Activity Loss Rules — A set of rules that prohibits using passive losses to offset earned or ordinary income. Passive activity loss rules prevent investors from using losses incurred from income producing activities in which they are not materially involved. Being… … Investment dictionary
