Describe about the NOL.

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter7: Types And Costs Of Financial Capital
Section7.3: Determining The Cost Of Debt Capital
Problem 4CC
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Describe about the NOL.

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NOL means Net Operating Loss. This is a situation when company's deductions are more than it's taxable income. Company can take benefit of net operating losses (NOL) by reducing taxable income in future tax years. 

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