GATT Rate definition
GATT Rate means, with respect to a Computation Period, the average annual yield on 30-year Treasury securities for the September proceeding the first month of the Plan Year in which such Computation Period begins.
Examples of GATT Rate in a sentence
The interest rate to be applied to the Net 2004 IC Payment, solely for purposes of payment under this section, shall be the so-called annual GATT Rate.
The annual GATT Rate is set by the Internal Revenue Service in December of each year for the following year.