closed and completed transaction
Defined in 1 dictionary — Case Law
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.