WORTH Definition

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WORTH is an indefinite quantity of something having a specified value.

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DESIGNATED is something selected or named for a duty, e.g., designated receipts.

CHAPTER S or SUBCHAPTER S is a legal corporate entity organized under the United States Federal Tax Code that allows Subchapter S Corporations to distribute all income / loss proportionately to its shareholders, who then claim that income / loss on their personal income taxes; thereby avoiding the payment of corporate taxes.

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