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Marvelous Capital Gains Tax Bonds And Section 54ec #4 80 Capital Gains On Investment In Certain Bonds – Section 54EC – Contd.

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Capital

cap•i•tal1  (kapi tl),USA pronunciation n. 
  1. the city or town that is the official seat of government in a country, state, etc.: Tokyo is the capital of Japan.
  2. a city regarded as being of special eminence in some field of activity: New York is the dance capital of the world.
  3. See  capital letter. 
  4. the wealth, whether in money or property, owned or employed in business by an individual, firm, corporation, etc.
  5. an accumulated stock of such wealth.
  6. any form of wealth employed or capable of being employed in the production of more wealth.
  7. [Accountableing.]
    • assets remaining after deduction of liabilities;
      the net worth of a business.
    • the ownership interest in a business.
  8. any source of profit, advantage, power, etc.;
    asset: His indefatigable drive is his greatest capital.
  9. capitalists as a group or class (distinguished from labor): High taxation has reduced the spending power of capital.

adj. 
  1. pertaining to financial capital: capital stock.
  2. principal;
    highly important: This guide offers suggestions of capital interest to travelers.
  3. chief, esp. as being the official seat of government of a country, state, etc.: the capital city of France.
  4. excellent or first-rate: a capital hotel; a capital fellow.
  5. See  capital letter. 
  6. involving the loss of life: capital punishment.
  7. punishable by death: a capital crime; a capital offender.
  8. fatal;
    extremely serious: a capital error.
capi•tal•ness, n. 

Gains

gain1  (gān),USA pronunciation v.t. 
  1. to get (something desired), esp. as a result of one's efforts: to gain possession of an object; to gain permission to enter a country.
  2. to acquire as an increase or addition: to gain weight; to gain speed.
  3. to obtain as a profit: He gained ten dollars by this deal.
  4. to win;
    get in competition: to gain the prize.
  5. to win (someone) to one's own side or point of view;
    persuade (sometimes fol. by over): to gain supporters.
  6. (of a watch or clock) to run fast by (a specified amount): My watch gains six minutes a day.
  7. to reach, esp. by effort;
    get to;
    arrive at: to gain one's destination.

v.i. 
  1. to improve;
    make progress;
    advance: to gain in health after an illness.
  2. to get nearer, as in pursuit (usually fol. by on or upon): Our horse was gaining on the favorite at the far turn.
  3. to draw away from or farther ahead of the other contestants in a race, one's pursuers, etc. (usually fol. by on or upon).
  4. (of a watch or clock) to run fast.
  5. gain ground, to progress or advance, as in value, strength, or achievement: The company's new products are gaining ground in suburban areas.
  6. gain time, to arrange a postponement or delay for a particular purpose, esp. by roundabout means.

n. 
  1. profit or advantage.
  2. an increase or advance.
  3. gains, profits or winnings.
  4. the act of gaining;
    acquisition.
    • a measure of the increase in signal amplitude produced by an amplifier, expressed as the ratio of output to input.
    • the effectiveness of a directional antenna as compared with a standard, nondirectional one.
  5. the volume control of a radio, phonograph, amplifier, etc.
gaina•ble, adj. 

Tax

tax (taks),USA pronunciation n. 
  1. a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.
  2. a burdensome charge, obligation, duty, or demand.

v.t. 
  1. (of a government)
    • to demand a tax from (a person, business, etc.).
    • to demand a tax in consideration of the possession or occurrence of (income, goods, sales, etc.), usually in proportion to the value of money involved.
  2. to lay a burden on;
    make serious demands on: to tax one's resources.
  3. to take to task;
    censure;
    reprove;
    accuse: to tax one with laziness.
  4. to charge: What did he tax you for that?
  5. [Archaic.]to estimate or determine the amount or value of.

v.i. 
  1. to levy taxes.
taxer, n. 
taxing•ly, adv. 
taxless, adj. 
taxless•ly, adv. 
taxless•ness, n. 

And

and (and; unstressed ənd, ən, or, esp. after a homorganic consonant, n),USA pronunciation  conj. 
  1. (used to connect grammatically coordinate words, phrases, or clauses) along or together with;
    as well as;
    in addition to;
    besides;
    also;
    moreover: pens and pencils.
  2. added to;
    plus: 2 and 2 are 4.
  3. then: He read for an hour and went to bed.
  4. also, at the same time: to sleep and dream.
  5. then again;
    repeatedly: He coughed and coughed.
  6. (used to imply different qualities in things having the same name): There are bargains and bargains, so watch out.
  7. (used to introduce a sentence, implying continuation) also;
    then: And then it happened.
  8. [Informal.]to (used between two finite verbs): Try and do it. Call and see if she's home yet.
  9. (used to introduce a consequence or conditional result): He felt sick and decided to lie down for a while. Say one more word about it and I'll scream.
  10. but;
    on the contrary: He tried to run five miles and couldn't. They said they were about to leave and then stayed for two more hours.
  11. (used to connect alternatives): He felt that he was being forced to choose between his career and his family.
  12. (used to introduce a comment on the preceding clause): They don't like each other--and with good reason.
  13. [Archaic.]if: and you please.Cf. an2.
  14. and so forth, and the like;
    and others;
    et cetera: We discussed traveling, sightseeing, and so forth.
  15. and so on, and more things or others of a similar kind;
    and the like: It was a summer filled with parties, picnics, and so on.

n. 
  1. an added condition, stipulation, detail, or particular: He accepted the job, no ands or buts about it.
  2. conjunction (def. 5b).

Section

sec•tion (sekshən),USA pronunciation n. 
  1. a part that is cut off or separated.
  2. a distinct part or subdivision of anything, as an object, country, community, class, or the like: the poor section of town; the left section of a drawer.
  3. a distinct part or subdivision of a writing, as of a newspaper, legal code, chapter, etc.: the financial section of a daily paper; section 2 of the bylaws.
  4. one of a number of parts that can be fitted together to make a whole: sections of a fishing rod.
  5. (in most of the U.S. west of Ohio) one of the 36 numbered subdivisions, each one square mile (2.59 sq. km or 640 acres), of a township.
  6. an act or instance of cutting;
    separation by cutting.
    • the making of an incision.
    • an incision.
  7. a thin slice of a tissue, mineral, or the like, as for microscopic examination.
  8. a representation of an object as it would appear if cut by a plane, showing its internal structure.
  9. [Mil.]
    • a small unit consisting of two or more squads.
    • Also called  staff section. any of the subdivisions of a staff.
    • a small tactical division in naval and air units.
    • a division of a sleeping car containing both an upper and a lower berth.
    • a length of trackage, roadbed, signal equipment, etc., maintained by one crew.
  10. any of two or more trains, buses, or the like, running on the same route and schedule at the same time, one right behind the other, and considered as one unit, as when a second is necessary to accommodate more passengers than the first can carry: On holidays the New York to Boston train runs in three sections.
  11. a segment of a naturally segmented fruit, as of an orange or grapefruit.
  12. a division of an orchestra or band containing all the instruments of one class: a rhythm section.
  13. [Bookbinding.]signature (def. 8).
  14. Also called  section mark. a mark used to indicate a subdivision of a book, chapter, or the like, or as a mark of reference to a footnote.
  15. [Theat.]one of a series of circuits for controlling certain lights, as footlights.
  16. shape (def. 12).

v.t. 
  1. to cut or divide into sections.
  2. to cut through so as to present a section.
  3. to make an incision.

Capital

cap•i•tal1  (kapi tl),USA pronunciation n. 
  1. the city or town that is the official seat of government in a country, state, etc.: Tokyo is the capital of Japan.
  2. a city regarded as being of special eminence in some field of activity: New York is the dance capital of the world.
  3. See  capital letter. 
  4. the wealth, whether in money or property, owned or employed in business by an individual, firm, corporation, etc.
  5. an accumulated stock of such wealth.
  6. any form of wealth employed or capable of being employed in the production of more wealth.
  7. [Accountableing.]
    • assets remaining after deduction of liabilities;
      the net worth of a business.
    • the ownership interest in a business.
  8. any source of profit, advantage, power, etc.;
    asset: His indefatigable drive is his greatest capital.
  9. capitalists as a group or class (distinguished from labor): High taxation has reduced the spending power of capital.

adj. 
  1. pertaining to financial capital: capital stock.
  2. principal;
    highly important: This guide offers suggestions of capital interest to travelers.
  3. chief, esp. as being the official seat of government of a country, state, etc.: the capital city of France.
  4. excellent or first-rate: a capital hotel; a capital fellow.
  5. See  capital letter. 
  6. involving the loss of life: capital punishment.
  7. punishable by death: a capital crime; a capital offender.
  8. fatal;
    extremely serious: a capital error.
capi•tal•ness, n. 

Gains

gain1  (gān),USA pronunciation v.t. 
  1. to get (something desired), esp. as a result of one's efforts: to gain possession of an object; to gain permission to enter a country.
  2. to acquire as an increase or addition: to gain weight; to gain speed.
  3. to obtain as a profit: He gained ten dollars by this deal.
  4. to win;
    get in competition: to gain the prize.
  5. to win (someone) to one's own side or point of view;
    persuade (sometimes fol. by over): to gain supporters.
  6. (of a watch or clock) to run fast by (a specified amount): My watch gains six minutes a day.
  7. to reach, esp. by effort;
    get to;
    arrive at: to gain one's destination.

v.i. 
  1. to improve;
    make progress;
    advance: to gain in health after an illness.
  2. to get nearer, as in pursuit (usually fol. by on or upon): Our horse was gaining on the favorite at the far turn.
  3. to draw away from or farther ahead of the other contestants in a race, one's pursuers, etc. (usually fol. by on or upon).
  4. (of a watch or clock) to run fast.
  5. gain ground, to progress or advance, as in value, strength, or achievement: The company's new products are gaining ground in suburban areas.
  6. gain time, to arrange a postponement or delay for a particular purpose, esp. by roundabout means.

n. 
  1. profit or advantage.
  2. an increase or advance.
  3. gains, profits or winnings.
  4. the act of gaining;
    acquisition.
    • a measure of the increase in signal amplitude produced by an amplifier, expressed as the ratio of output to input.
    • the effectiveness of a directional antenna as compared with a standard, nondirectional one.
  5. the volume control of a radio, phonograph, amplifier, etc.
gaina•ble, adj. 

On

on (on, ôn),USA pronunciation prep. 
  1. so as to be or remain supported by or suspended from: Put your package down on the table; Hang your coat on the hook.
  2. so as to be attached to or unified with: Hang the picture on the wall. Paste the label on the package.
  3. so as to be a covering or wrapping for: Put the blanket on the baby. Put aluminum foil on the lamb chops before freezing them.
  4. in connection, association, or cooperation with;
    as a part or element of: to serve on a jury.
  5. so as to be a supporting part, base, backing, etc., of: a painting on canvas; mounted on cardboard; legs on a chair.
  6. (used to indicate place, location, situation, etc.): a scar on the face; the book on the table; a house on 19th Street.
  7. (used to indicate immediate proximity): a house on the lake; to border on absurdity.
  8. in the direction of: on the left; to sail on a southerly course.
  9. (used to indicate a means of conveyance or a means of supporting or supplying movement): on the wing; This car runs on electricity. Can you walk on your hands? I'll be there on the noon plane.
  10. by the agency or means of: drunk on wine; talking on the phone; I saw it on television.
  11. in addition to: millions on millions of stars.
  12. with respect or regard to (used to indicate the object of an action directed against or toward): Let's play a joke on him. Write a critical essay on Shakespeare.
  13. in a state or condition of;
    in the process of: on strike; The house is on fire!
  14. subject to: a doctor on call.
  15. engaged in or involved with: He's on the second chapter now.
  16. (used to indicate a source or a person or thing that serves as a source or agent): a duty on imported goods; She depends on her friends for encouragement.
  17. (used to indicate a basis or ground): on my word of honor; The movie is based on the book.
  18. (used to indicate risk or liability): on pain of death.
  19. (used to indicate progress toward or completion of an objective): We completed the project on budget.
  20. assigned to or occupied with;
    operating: Who's on the switchboard this afternoon?
  21. [Informal.]so as to disturb or affect adversely: My hair dryer broke on me.
  22. paid for by, esp. as a treat or gift: Dinner is on me.
  23. taking or using as a prescribed measure, cure, or the like: The doctor had her on a low-salt diet.
  24. regularly taking or addicted to: He was on drugs for two years.
  25. with;
    carried by: I have no money on me.
  26. (used to indicate time or occasion): on Sunday; We demand cash on delivery.
  27. (used to indicate the object or end of motion): to march on the capital.
  28. (used to indicate the object or end of action, thought, desire, etc.): to gaze on a scene.
  29. (used to indicate subject, reference, or respect): views on public matters.
  30. (used to indicate an encounter): The pickpocket crept up on a victim.
  31. on the bow, [Naut.]bow3 (def. 7).

adv. 
  1. in, into, or onto a position of being supported or attached: Sew the buttons on.
  2. in, into, or onto a position of covering or wrapping: Put your raincoat on.
  3. fast to a thing, as for support: Hold on!
  4. toward a place, point, activity, or object: to look on while others work.
  5. forward, onward, or along, as in any course or process: further on.
  6. with continuous activity: to work on.
  7. into or in active operation or performance: Turn the gas on.
  8. on and off, off (def. 22a).
  9. on and on, at great length, so as to become tiresome: They rambled on and on about their grandchildren.

adj. 
  1. operating or in use: The television set was on. Is your brake on?
  2. taking place;
    occurring: Don't you know there's a war on?
  3. performing or broadcasting: The radio announcer told us we were on.
    • behaving in a theatrical, lively, or ingratiating way: Around close friends, one doesn't have to be on every minute.
    • functioning or performing at one's best: When she's on, no other tennis player is half as good.
  4. scheduled or planned: Anything on after supper?
  5. [Baseball.]positioned on a base or bases: They had two men on when he hit the home run.
  6. [Cricket.]noting that side of the wicket, or of the field, on which the batsman stands.
  7. on to,  aware of the true nature, motive, or meaning of: I'm on to your little game.

n. 
  1. [Cricket.]the on side.

In

in (in),USA pronunciation prep., adv., adj., n., v.,  inned, in•ning. 
prep. 
  1. (used to indicate inclusion within space, a place, or limits): walking in the park.
  2. (used to indicate inclusion within something abstract or immaterial): in politics; in the autumn.
  3. (used to indicate inclusion within or occurrence during a period or limit of time): in ancient times; a task done in ten minutes.
  4. (used to indicate limitation or qualification, as of situation, condition, relation, manner, action, etc.): to speak in a whisper; to be similar in appearance.
  5. (used to indicate means): sketched in ink; spoken in French.
  6. (used to indicate motion or direction from outside to a point within) into: Let's go in the house.
  7. (used to indicate transition from one state to another): to break in half.
  8. (used to indicate object or purpose): speaking in honor of the event.
  9. in that, because;
    inasmuch as: In that you won't have time for supper, let me give you something now.

adv. 
  1. in or into some place, position, state, relation, etc.: Please come in.
  2. on the inside;
    within.
  3. in one's house or office.
  4. in office or power.
  5. in possession or occupancy.
  6. having the turn to play, as in a game.
  7. [Baseball.](of an infielder or outfielder) in a position closer to home plate than usual;
    short: The third baseman played in, expecting a bunt.
  8. on good terms;
    in favor: He's in with his boss, but he doubts it will last.
  9. in vogue;
    in style: He says straw hats will be in this year.
  10. in season: Watermelons will soon be in.
  11. be in for, to be bound to undergo something, esp. a disagreeable experience: We are in for a long speech.
  12. in for it, [Slang.]about to suffer chastisement or unpleasant consequences, esp. of one's own actions or omissions: I forgot our anniversary again, and I'll be in for it now.Also,[Brit.,] for it. 
  13. in with, on friendly terms with;
    familiar or associating with: They are in with all the important people.

adj. 
  1. located or situated within;
    inner;
    internal: the in part of a mechanism.
  2. [Informal.]
    • in favor with advanced or sophisticated people;
      fashionable;
      stylish: the in place to dine; Her new novel is the in book to read this summer.
    • comprehensible only to a special or ultrasophisticated group: an in joke.
  3. well-liked;
    included in a favored group.
  4. inward;
    incoming;
    inbound: an in train.
  5. plentiful;
    available.
  6. being in power, authority, control, etc.: a member of the in party.
  7. playing the last nine holes of an eighteen-hole golf course (opposed to out): His in score on the second round was 34.

n. 
  1. Usually,  ins. persons in office or political power (distinguished from outs).
  2. a member of the political party in power: The election made him an in.
  3. pull or influence;
    a social advantage or connection: He's got an in with the senator.
  4. (in tennis, squash, handball, etc.) a return or service that lands within the in-bounds limits of a court or section of a court (opposed to out).

v.t. Brit. [Dial.]
  1. to enclose.

Section

sec•tion (sekshən),USA pronunciation n. 
  1. a part that is cut off or separated.
  2. a distinct part or subdivision of anything, as an object, country, community, class, or the like: the poor section of town; the left section of a drawer.
  3. a distinct part or subdivision of a writing, as of a newspaper, legal code, chapter, etc.: the financial section of a daily paper; section 2 of the bylaws.
  4. one of a number of parts that can be fitted together to make a whole: sections of a fishing rod.
  5. (in most of the U.S. west of Ohio) one of the 36 numbered subdivisions, each one square mile (2.59 sq. km or 640 acres), of a township.
  6. an act or instance of cutting;
    separation by cutting.
    • the making of an incision.
    • an incision.
  7. a thin slice of a tissue, mineral, or the like, as for microscopic examination.
  8. a representation of an object as it would appear if cut by a plane, showing its internal structure.
  9. [Mil.]
    • a small unit consisting of two or more squads.
    • Also called  staff section. any of the subdivisions of a staff.
    • a small tactical division in naval and air units.
    • a division of a sleeping car containing both an upper and a lower berth.
    • a length of trackage, roadbed, signal equipment, etc., maintained by one crew.
  10. any of two or more trains, buses, or the like, running on the same route and schedule at the same time, one right behind the other, and considered as one unit, as when a second is necessary to accommodate more passengers than the first can carry: On holidays the New York to Boston train runs in three sections.
  11. a segment of a naturally segmented fruit, as of an orange or grapefruit.
  12. a division of an orchestra or band containing all the instruments of one class: a rhythm section.
  13. [Bookbinding.]signature (def. 8).
  14. Also called  section mark. a mark used to indicate a subdivision of a book, chapter, or the like, or as a mark of reference to a footnote.
  15. [Theat.]one of a series of circuits for controlling certain lights, as footlights.
  16. shape (def. 12).

v.t. 
  1. to cut or divide into sections.
  2. to cut through so as to present a section.
  3. to make an incision.

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