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nontransferable |
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See: inalienable |
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E contends that nontransferable IRAs are similar to (1) unassignable lottery payments, (2) stock in a closely held corporation, (3) stock that is subject to resale restrictions, (4) contaminated land and (5) land that needs to be rezoned to reflect the highest and best use. About five years ago, he says, licenses became tougher to obtain and existing ones are nontransferable. Innovation, therefore, is an intangible factor of production, one that is nontransferable to other nations in the short run. |
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