CFR > Title 40 > Chapter I > Subchapter U > Part 1065 > Subpart C > Flow-Related Measurements
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Terms Used In CFR > Title 40 > Chapter I > Subchapter U > Part 1065 > Subpart C > Flow-Related Measurements
- Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.