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qualifying specified payment

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 512 — for purposes of this title (12 versions over time)

The term “qualifying specified payment” means a specified payment which is made pursuant to—

(I) a binding written contract in effect on the date of the enactment of this subparagraph, or

(II) a contract which is a renewal, under substantially similar terms, of a contract described in subclause (I).