nonqualified amount
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 141 — in this section
For purposes of this subsection, the term “nonqualified amount” means, with respect to an issue, the lesser of—
(A) the proceeds of such issue which are to be used for any private business use, or
(B) the proceeds of such issue with respect to which there are payments (or property or borrowed money) described in paragraph (2).