Legal Definition and Related Resources of Closed Transaction
Meaning of Closed Transaction
For income tax purposes, a contract of sale is absolute and unconditional on the vendor ‘s part to deliver a deed to the purchaser on payment of consideration , and by which the purchaser secures immediate possession and exercises rights of ownership. C.I.R. v union Pacific Railway Co., (C.A.2J86 F.2d637.
Related Entries of Closed Transaction in the Encyclopedia of Law Project
Browse or run a search for Closed Transaction in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Closed Transaction in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Closed Transaction in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Closed Transaction in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms: