S level

S level

n
(Education) Brit a public examination in a subject taken for the General Certificate of Education: usually taken at the same time as A2 levels as an additional qualification
References in periodicals archive ?
If the S loan is treated as debt, the liquidating distribution will be a fully taxable transaction at the S level. But whether the taxable transaction is treated as a "complete liquidation" under section 336(b) or instead as a section 1001 exchange by S could materially affect S's tax consequences.
However, in all cases, regardless of the adviser's level of expertise, the taxpayer is expected to use ordinary business care and prudence.
As stated in H3a, the higher R's level of normative commitment to S, the higher the level of performance R will attribute to S.