deductible loss
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
Losses which are fixed by identifiable events, such as the sale of property, or caused by its destruction or physical injury, or, in the case of debts, by the occurrence of such events as prevent their collection.