FindLaw Legal Dictionary
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term:
Flat
-
flat adj
-
: not varying [a rate]
;specif
of a tax
: having a rate that remains constant for any taxable base
adv : without interest charge
;esp
: without allowance or charge for accrued interest [bonds sold ]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.