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konsideratë adekuate

An amount equal to the fair market value of the asset or service provided Adequate consideration may be determined by the price quoted on an exchange, an appraisal, comparable sales, etc For tax purposes, adequate consideration is important in dealings between two parties If a transaction is made for less than adequate consideration, the difference between the market price and the amount actually transferred may be taxable as income, or it may be a gift or there may be other tax consequences

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  • Part of Speech: noun
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  • Industry/Domain: Accounting
  • Category: Tax
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