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cumulative cash flow deficit

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 148 — for purposes of this section

For purposes of subclause (I), the term “cumulative cash flow deficit” means, as of the date of computation, the excess of the expenses paid during the period described in subclause (III) which would ordinarily be paid out of or financed by anticipated tax or other revenues over the aggregate amount available (other than from the proceeds of the issue) during such period for the payment of such expenses.