Tag: OP
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Operating Interest
Operating Interest means:a form of ownership in mineral property in which the owner is responsible for operating costs. Royalties, production payments, and net profit interests are not operating interests. Former Tax Regulation (check if this Reg. …
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Operating Expense
Operating Expense means:an amount paid to maintain property (e.g., property taxes, utilities, and hazard insurance). Operating expense excludes financing expenses, depreciation, and income taxes. See the entries Income Tax and <a href="http://lawi.us/stat…
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Options
The Options are. warrants, convertible debt instruments, instruments other than debt that are convertible into stock, put options, stock interests subject to risk of forfeiture, and contracts to acquire or sell stock. Also included are certain buy-sell agreements, certain rights of first refusal, bi…
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Open Transaction Doctrine
Open Transaction Doctrine means, in a corporate liquidation, the doctrine that a shareholder's gain or loss is not determined until the assets that cannot be valued immediately are eventually sold, collected, appraised. Any assets that cannot be valued are assigned a zero value. See also other Tax T…