: 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.
Definition of exemption: A direct reduction taken from taxable income for a specific reason, as allowed by the IRS.Also called tax exemption. Definition of exemption: A direct reduction taken from taxable income for a specific reason, as allowed by the IRS.Also called tax exemption.