PENDING Definition

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PENDING usually refers to either: 1. Not yet decided; or, 2. Being in continuance.

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STOCK OPTION is a contractual right granted by a company to the named holder of the option the right to purchase the companys stock at a fixed price stated on the stock option within a specified period of time. If the stock option is not exercised within the specified period of time, then the contractual right lapses.

BOOK-TAX DIFFERENCE is pretax book income minus tax net income.

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