Engaged in trade or business (ETB)

{
  "id": "MLC-T-INS-001319",
  "term": "Engaged in trade or business (ETB)",
  "field": "Insurance and risk management",
  "definition": "A legal classification used in tax law to determine whether an activity constitutes a trade or business for tax purposes. This designation affects how income and expenses are reported and taxed. For insurance purposes, it can influence the applicability of certain business-related coverages, distinguishing between personal and commercial activities.",
  "abbreviation": "ETB",
  "url": "https://mlchart.com/terminology/insurance/engaged-in-trade-or-business-etb/"
}