Federal short-term rate definition

Federal short-term rate means the rate of the average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of three years or less, as determined under section 1274 of the Internal Revenue Code, for July of the current year.
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Federal short-term rate means the rate defined in Section 1274(d)(1)(C)(i) of the Code;
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Federal short-term rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the rate of interest published by the Secretary of the Treasury, from time to time, in accordance with Section 1274(d) of the Internal Revenue Code, as the monthly Federal short-term rate.
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Examples of Federal short-term rate in a sentence

  • The interest rate applicable to the amount of estate tax attributable to the taxable value of the closely held business in excess of $1.34 million is equal to 45 percent of the rate applicable to underpayments of tax under section 6621 of the Code (i.e., 45 percent of the Federal short-term rate plus two percentage points).

  • For purposes of this Agreement, the term "Discount Rate" shall mean the applicable Federal short-term rate determined under Section 1274(d) of the Code or its successor.

  • That underpayment rate is re- ferred to hereinafter as the ‘‘section 6621(a)(2) rate.’’ Section 6621(c) and this section, however, provide that the un- derpayment rate on any large cor- porate underpayment is the sum of the Federal short-term rate (determined under section 6621(b)) plus 5 percentage points.

  • The period from the date the excess benefit transaction occurred to the date of correction is used to deter- mine whether the appropriate AFR is the Federal short-term rate, the Fed- eral mid-term rate, or the Federal long-term rate.

  • Section 6621(a)(2) provides that the underpayment rate is the sum of the Federal short-term rate (determined under section 6621(b)) plus 3 percentage points.

  • In the case of a demand loan or advance to which this section applies, the appli- cable Federal rate means the Federal short-term rate determined under sec- tion 1274(d) (determined without regard to the lowest 3-month short term rate determined under section 1274(d)(2)) in effect for each day on which any amount of such loan or advance (in- cluding unpaid accrued interest deter- mined under paragraph (a)(2) of this section) is outstanding.(D) Lender in business of making loans.

  • Interest is payable on July 1 of each year, beginning on July 1, 1996, at the Federal short-term rate for June of the same year.

  • Assume that, as of the date the test rate of interest for the debt instrument is determined, the Federal short-term rate is 8 percent, compounded an- nually.

  • The interest rate, which equals the Federal short-term rate plus three percentage points, is subject to change on the first day of each quarter, which is January 1, April 1, July 1, and October 1.

  • In the case of a demand loan, the applicable Federal rate shall be the Federal short-term rate in effect under section 1274(d) for the period for which the amount of forgone interest is being determined, compounded semiannually.


More Definitions of Federal short-term rate

Federal short-term rate means the applicable federal short-term rate as determined under Section 1274(d) of the Code.
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Federal short-term rate means the rate of the average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of three
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Federal short-term rate means the rate of the average market yield on outstanding
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Related to Federal short-term rate

  • Parachute Payment Ratio means a fraction the numerator of which is the value of the applicable “parachute payment” for purposes of Section 280G of the Code and the denominator of which is the actual present value of such payment.

  • Short-term rental means the same as such term is defined in § 15.2-983.

  • Short-Term Payout means the payout set forth in Section 4.1.

  • Worker Wage Rate means the actual hourly wage of non-salaried persons performing work on the Project plus allowable employer contributions as established on the Worker Wage Rate Form required by the Construction Documents. The Worker Wage Rate must be reasonable and customary for their industry, must equal or exceed the prevailing wage established by Owner and must be approved in writing by Owner in advance of any Application for Payment. All payments for non-salaried personnel working on the Project are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by employer for services performed for the Project.

  • Maximum Weekly Starts means the maximum number of times that a generating unit can be started in one week, defined as the 168 hour period starting Monday 0001 hour, under normal operating conditions. Member:

  • Principal Shortfall For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.