What Is It? Lazy eye, also called amblyopia, is an eye problem that can occur in growing children. In the typical child with lazy eye, the right and left eyes have significantly different qualities of vision, so that the images produced by one eye are weak or distorted compared with the images produced by the other eye.
Understatement Examples. Understatement is a figure of speech in which there is a contrast between the description and reality. As such, understatement can be used to reflect modesty, sarcasm, derogatory or complimentary tone.
In the case of a corporation other than an S corporation or a personal holding company (as defined in section 542), there is a substantial understatement of income tax for any taxable year if the amount of the understatement for the taxable year exceeds the lesser ofâ.