Cottage Savings

Some articles on cottage savings, savings:

Calculating Amount Realized
... According to the Supreme Court in Cottage Savings, The facts in Cottage Savings present an example of where realization occurs when property is exchanged for property ... Cottage Savings Association (CSA) sold interest in home mortgages to four savings and loans associations ... time, CSA bought interest in mortgages held by the same four savings and loans associations ...
Cottage Savings Association V. Commissioner - Majority Opinion
... were "materially different." Marshall held that the participation interests exchanged by Cottage Savings and the other S Ls were "materially ... Therefore, the exchange was a "disposition of property," Cottage Savings had realized a loss, and their deduction was appropriate ... As such, it "put both Cottage Savings and the Commissioner in a position to determine the change in the value of Cottage Savings' mortgages relative to their tax ...

Famous quotes containing the word cottage:

    After the planet becomes theirs, many millions of years will have to pass before a beetle particularly loved by God, at the end of its calculations will find written on a sheet of paper in letters of fire that energy is equal to the mass multiplied by the square of the velocity of light. The new kings of the world will live tranquilly for a long time, confining themselves to devouring each other and being parasites among each other on a cottage industry scale.
    Primo Levi (1919–1987)