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Word: decrements (lookup in dictionary) (lookup stats)
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...recall testimony that filled 108 volumes. The judge's 81-page instructions gave them such helpful hints as this one: "You may wish to reject an inference of predatory intent if you find that a substantial motivation of Brown & Williamson's entry into black and white cigarettes was LIFO decrement avoidance tax benefits." No surprise -- the stymied jurors fell back on guesswork before awarding Liggett $49.6 million...

Author: /time Magazine | Title: Questionable Judgment | 10/3/1994 | See Source »

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