Public-domain · open source
OpenJurist

business component

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 41 — for purposes of this section

The term “business component” means any product, process, computer software, technique, formula, or invention which is to be—

(i) held for sale, lease, or license, or

(ii) used by the taxpayer in a trade or business of the taxpayer.