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net accounts receivable

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 965 — in this section

For purposes of this paragraph, the term "net accounts receivable" means, with respect to any specified foreign corporation, the excess (if any) of—

(i) such corporation's accounts receivable, over

(ii) such corporation's accounts payable (determined consistent with the rules of section 461).