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tax-apportionment clause.A testamentary provision directing how inheritance and estate taxes should be paid. [Blacks Law 8th]

tax-anticipation warrant.See WARRANT(2). [Blacks Law 8th]

tax-anticipation note.See NOTE(1). [Blacks Law 8th]

tax-anticipation bill.A short-term obligation issued by the U.S. Treasury to meet the cash-flow needs of the government. • Corporations can tender these bills at par value to make quarterly tax payments. — Abbr. TAB. [Blacks Law 8th]

tax accounting.The accounting rules and methods used in determining a taxpayer’s liability. [Blacks Law 8th]

taxable year.See tax year under YEAR. [Blacks Law 8th]

failing-company doctrine.Antitrust. The rule that allows an otherwise proscribed merger or acquisition between competitors when one is bankrupt or near failure. 15 USCA §§ 12–27. — Also termed failing-firm defense. [Cases: Monopolies 20(1). C.J.S. Monopolies §§ 106–111, 115–116, 125.] “The 1992 guidelines provide a limited defense for failing firms and failing divisions of firms. The…

failing circumstances.See INSOLVENCY.[Blacks Law 8th]

failed legacy.See lapsed legacy under LEGACY[Blacks Law 8th]

failed gift.1. See lapsed devise under DEVISE. 2. See lapsed legacy under LEGACY.[Blacks Law 8th]