cumulative cash flow deficit
Defined in 1 place of the United States Code.
For purposes of subclause (I), the term “cumulative cash flow deficit” means, as of the date of computation, the excess of the expenses paid during the period described in subclause (III) which would ordinarily be paid out of or financed by anticipated tax or other revenues over the aggregate amount available (other than from the proceeds of the issue) during such period for the payment of such expenses.
Source
- 1994–present26 U.S.C. § 148Internal Revenue Code · Arbitrage · for purposes of this section