one of three dimensions of the supply chain network design; the number of tiers in the supply chain, representing the total number of levels through which goods and services must pass from the earliest to end stages of the chain
A passive activity loss for the tax year is the excess of your passive activity deductions over your passive activity gross income. What are the passive activity limitations? Your passive activity losses are limited to the amount of your passive activity income for the taxable year.
Exclusions Section. An obvious place to look for policy exclusions is in the section entitled exclusions. Some policies contain both exclusions and limitations. A limitation is a partial exclusion. It narrows the scope of coverage for an insured risk. For instance, property policies often restrict coverage for valuable items like furs and jewelry to a specified (low) limit. A policy that provides more than one type of coverage may contain multiple lists of exclusions.