deferred tax liability
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 453A — for purposes of this section (5 versions over time)
For purposes of this section, the term “deferred tax liability” means, with respect to any taxable year, the product of—
(A) the amount of gain with respect to an obligation which has not been recognized as of the close of such taxable year, multiplied by
(B) the maximum rate of tax in effect under section 1 or 11, whichever is appropriate, for such taxable year.