closed and completed transaction
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 274 U.S. 398 - United States v. S S White Dental Mfg Co of Pennsylvania · 1927Most cited · 1,123 citing opinions
It is enough to justify the deduction here that the transaction causing the loss was completed when the seizure was made. It was none the less a deductible loss then, although later the German government bound itself to repay and an award was made by the Mixed Claims Commission which may result in a recovery.
How often courts cite the case defining “closed and completed transaction”
Court decisions citing the opinion that defined “closed and completed transaction” — 1,123 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.