undistributed income
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 4942 — for purposes of this section (8 versions over time)
For purposes of this section, the term “undistributed income” means, with respect to any private foundation for any taxable year as of any time, the amount by which—
(1) the distributable amount for such taxable year, exceeds
(2) the qualifying distributions made before such time out of such distributable amount.