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prolixity rejection. See REJECTION.   [Blacks Law 8th]

prolixity (proh-lik-s<<schwa>>-tee). The unnecessary and superfluous stating of facts and arguments in pleading or evidence.   [Blacks Law 8th]

prolicide (proh-l<<schwa>>-sId).1. The killing of offspring; esp., the crime of killing a child shortly before or after birth. 2. One who kills a child shortly before or after birth. Cf. INFANTICIDE. — prolicidal,adj.   [Blacks Law 8th]

tax title.See TITLE(2). [Blacks Law 8th]

tax table.See TAX-RATE SCHEDULE. [Blacks Law 8th]

tax-straddle rule.A rule preventing undue deferral of tax on income or conversion of ordinary income or short-term capital gain into long-term capital gain by disallowing the premature deduction of a loss on sale or disposition of one leg of a straddle position (e.g., a promise to sell offset by a promise to buy, such as…

tax situs (sI-t<>s). A state or jurisdiction that has a substantial connection with assets that are subject to taxation. [Cases: Taxation 97. C.J.S. Taxation § 153.] [Blacks Law 8th]

tax-sheltered annuity.See 403(b) plan under EMPLOYEE BENEFIT PLAN [Blacks Law 8th]

tax shelter,n. A financial operation or investment strategy (such as a partnership or real-estate investment trust) that is created primarily for the purpose of reducing or deferring income-tax payments. • The Tax Reform Act of 1986 — by restricting the deductibility of passive losses — sharply limited the effectiveness of tax shelters. — Often shortened…

tax sale.See SALE. [Blacks Law 8th]