: a long, horizontal abdominal incision made below the line of the pubic hair and above the mons veneris down to and through the sheath of the rectus abdominus muscles but not the muscles themselves which are separated in the direction of their fibers The presence of a Pfannenstiel incision is common in many of these patients because of a previous ...
fungible. Of or relating to assets that are identical in quality and are interchangeable. Commodities, options, and securities are fungible assets. For example, an investor's shares of Xerox left in custody at a brokerage firm are freely mixed with other customers' Xerox shares.
Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return. The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts. Gifts that are not more than the annual exclusion for the calendar year.