Definition of "NOL"
  1. Net operating loss: a financial situation where a company's allowable tax deduction is greater than its taxable income, resulting in negative taxable income
How to use "NOL" in a sentence
  1. The start-up had an NOL for the first few years, since their expenses exceeded their income.
  2. Many businesses utilize an NOL as a tax relief option to offset profits in future years.
  3. Having an NOL can be challenging for a company, but it can also provide potential tax benefits.

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