aggregate foreign E&P deficit
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 965 — in this section
The term "aggregate foreign E&P deficit" means, with respect to any United States shareholder, the lesser of—
(I) the aggregate of such shareholder's pro rata shares of the specified E&P deficits of the E&P deficit foreign corporations of such shareholder, or
(II) the amount determined under paragraph (2)(B).