Term: non-assessable

Adjective - Popular Usage:

Referring to something that cannot be or is not required to be evaluated or appraised for value or worth.

Sample Sentence:

After purchasing the shares of a non-assessable stock, the investor is not liable to contribute additional funds to the company.

Adjective - Local Usage:

Used to describe a local regulation or law exempting a specified entity or property from being subjected to an assessment.

Sample Sentence:

The historic building was designated as non-assessable, allowing the owner to be exempt from any future increased property tax.

Related Products:

Non-Assessable Stocks Non-Assessable Property Tax