what is the meaning of abil
Direct investment in another person's Small Business. If an investment was made either through acquiring shares or debt of the financed corporation and the business failed and cannot repay the loan, the taxpayer may be eligible to claim an Allowable Business Investment Loss (ABIL). corporation doesn't need to file for bankruptcy to be eligible for an Allowable Business Investment Loss (ABIL) claim. However, the shareholder must be able to prove the loan advanced to the corporation is not recoverable.