excess interest
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 808 — for purposes of this section (4 versions over time)
The term “excess interest” means any amount in the nature of interest—
(A) paid or credited to a policyholder in his capacity as such, and
(B) in excess of interest determined at the prevailing State assumed rate for such contract.
26 U.S.C. § 857 — for purposes of this part
The term “excess interest” means any deductions for interest payments by a taxable REIT subsidiary of a real estate investment trust to such trust to the extent that the interest payments are in excess of a rate that is commercially reasonable.