Taxpayer Relief Act Of 1997 (TRA 97)

Business / Real Estate / Taxpayer Relief Act Of 1997 (TRA 97): Enacted by the United State Congress and effective May 7, 1997, TRA 97 provides for broader exemption from capital gains taxes on the profits on the sale of a personal residence. Replaces the old provision for a one-time exemption of $125,000 for sellers over age 55.

Other Words for Act

Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
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Other Words for Relief

Relief Noun Synonyms: ease, easing, abatement, easement, deliverance, remedy, redress, alleviation, release, remission, assuagement, liberation, recess
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Oxidation Half Reaction

Science / Chemistry / Oxidation Half Reaction: That part of a redox reaction that involves loss of electrons. In the oxidation half reaction, the oxidation number of one or more atoms within the reactants is increased. MORE

Pace Of Play

Entertainment / Golf / Pace Of Play: Time taken to play a stroke, hole or round, usually thought of in terms of maximum allowable time with an associated penalty for exceeding that time: covered by rule 6-7 of the usga rule book MORE

Overreaction Hypothesis

Business / Finance / Overreaction Hypothesis: The supposition that investors overreact to unanticipated news, resulting in exaggerated movements in stock prices followed by corrections. MORE

Outside Of You

Business / Finance / Outside Of You: Used for listed equity securities. Another order bidding for or offering stock at the same price that the trader has put on the floor himself, represented by another broker in the trading crowd. These MORE

Out-Of-The-Money

Business / Taxes / Out-Of-The-Money: An option is out-of-the-money when the market price of an instrument on which you hold an option is not close to the strike price. Call options — which you buy when you think the price is going up MORE

Out-Of-The-Money Option

Business / Finance / Out-Of-The-Money Option: A call option is out of the money if the strike price is greater than the market price of the underlying security. That is, you have the right to purchase a security at a price higher than the market MORE

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