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qualified contingency

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 664 — for purposes of this section

For purposes of this subsection, the term “qualified contingency” means any provision of a trust which provides that, upon the happening of a contingency, the payments described in paragraph (1)(A) or (2)(A) of subsection (d) (as the case may be) will terminate not later than such payments would otherwise terminate under the trust.