Change of Possession (COP)

C Corporation

A corporation that has been elected to be taxed as an entity separate from its shareholders in accordance with Subchapter C of the Internal Revenue Code. See Also S Corporation....

CAM

Abbreviation for “Common Area Maintenance Fee,” which is a fee paid collectively by the owners of individual units of a property for the maintenance and upkeep of the non-exclusive areas...

Capital Asset

An asset that has a useful life longer than one year and that is not intended for sale during the normal course of inventory. See Also Capital expenditures. Tips Examples...

Capital Expenditures

An investment a company makes in the fixed or capital assets of the company that have a useful life longer than one year or that are not intended for resale....

Capital Gains

The profit earned from the sale of property that is held for more than one year. A tax on the profit earned from the sale of a capital asset. See...