What does exsanguination mean? Definitions for exsanguination Here are all the possible meanings and translations of the word exsanguination.
Basis is the value used to determine profit or loss when property is sold for assessing income tax and capital gains tax. Under tax law, basis means the cost of property after adjusting the depreciation.
An association, corporation, partnership, proprietorship, trust, or individual that has legal standing in the eyes of law. A legal entity has legal capacity to enter into agreements or contracts, assume obligations, incur and pay debts, sue and be sued in its own right, and to be held responsible for its actions.2 people found this helpful. Modern economic systems typically allow for creation of a legal entity which is separate and distinct from a person but which is able to function in limited capacities to enter contracts, pay bills, and to be held liable for it's actions.