Definition from Nolo’s Plain-English Law Dictionary
Certain small business corporation stock which receives a special tax break that is designed to help qualifying small C corporations raise capital. It does this by allowing qualifying investors in original issue stock to exclude 50% of their gains on the sale of the stock if a five-year holding period is met.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:22 pm