nexus

nexus definition - business

nexus

A level of commercial activity within a legal jurisdiction that is sufficient to require a business to meet the jurisdiction's tax regulations, including the collection and remittance of a sales tax. See also multistate tax commission.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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