IRS Code 26 USC 7701.01(a)


What defines each of these and distinguishes each from the other as well as determines how the system deals with them is the schematic defining how the currency flows in the circuitry.

Legal entities:

1. corporations

2. trusts

3. partnerships

4. sole proprietorships

Seven classes of legal persons:

5. association

6. estate

7. company

Moloch


Canaanite god frequently mentioned in Scripture, said to have been propitiated by sacrificing children (Leviticus xviii.21), from Latin Moloch, from Greek Molokh, from Hebrew molekh, from melekh “king,” altered by the Jews with the vowel points from basheth “shame” to express their horror of the worship. Hence, figuratively, “any baleful influence to which everything is sacrificed” (1799).

profligate (adj.)


1520s, “overthrown, routed” (now obsolete in this sense), from Latin profligatus “destroyed, ruined, corrupt, abandoned, dissolute,” past participle of profligare “to cast down, defeat, ruin,” from pro “down, forth” (see pro-) + fligere “to strike” (see afflict). Main modern meaning “recklessly extravagant” is 1779, via notion of “ruined by vice” (1640s, implied in a use of profligation). Related: Profligately. As a noun from 1709.

conjecture (n.)

late 14c., “interpretation of signs, dreams, and omens,” also “a supposing, a surmising,” from Old French conjecture “surmise, guess,” or directly from Latin coniectura “conclusion, interpretation, guess, inference,” literally “a casting together (of facts, etc.),” from coniectus, past participle of conicere “to throw together,” from assimilated form of com “together” (see con-) + iacere “to throw” (from PIE root *ye- “to throw, impel”).

Sense of “an unverified supposition” is from 1520s; that of “act of forming of opinion without proof” is from 1530s.

phonetic (adj.)

1803, “representing vocal sounds,” from Modern Latin phoneticus (Zoega, 1797), from Greek phōnētikos “vocal,” from phōnētos “to be spoken, utterable,” verbal adjective of phōnein “to speak clearly, utter,” from phōnē “sound, voice,” from PIE root *bha- (2) “to speak, tell, say” (see fame (n.)). Meaning “relating or pertaining to the human voice as used in speech” is by 1861. Related: Phonetical.

amicable (adj.)

early 15c., “pleasant,” from Late Latin amicabilis “friendly,” a word in Roman law, from Latin amicus “friend,” ultimately from amare “to love” (see Amy). In modern use “characterized by friendliness, free from hard feelings, peaceable, socially harmonious.” Compare amiable, which is the same word through French. Related: Amicableness.