REALIZED BENEFIT definition
REALIZED BENEFIT means a refund or reduction of tax liability resulting from the use of an item of loss, deduction or credit in accordance with the ordering rules prescribed by the Code and the regulations promulgated thereunder. "Records" means all data whether in written or electronic form including, but not limited to, invoices, journal entries, ledgers, supporting ledgers, schedules, financial statements including footnotes thereto used or relied upon to prepare Tax Returns or to substantiate tax basis in any asset owned by AFG or its Subsidiaries. "Senior Tax Officer" means such person who is appointed to the position of highest ranking tax officer of AFG.
REALIZED BENEFIT means a reduction of liability in respect of any Tax resulting from the use of an item of loss, deduction or credit in accordance with the ordering rules prescribed by the Code and the Regulations promulgated thereunder.