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trade expense

DEFINITIONS OF: trade expense

1

n ordinary and necessary expenses incurred in a taxpayer's business or trade

Synonyms:
business expense
Types:
organization expense
the cost (over a period of five years) of organizing a new corporation or partnership
promotional expense
the cost of promoting a product
Type of:
disbursal, disbursement, expense
amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
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