derivative
Defined in 1 place of the United States Code.
The term “derivative” means any contract (including any option, forward contract, futures contract, short position, swap, or similar contract) the value of which, or any payment or other transfer with respect to which, is (directly or indirectly) determined by reference to one or more of the following:
(i) Any share of stock in a corporation.
(ii) Any evidence of indebtedness.
(iii) Any commodity which is actively traded.
(iv) Any currency.
(v) Any rate, price, amount, index, formula, or algorithm.
Source
- 2018–present26 U.S.C. § 59AInternal Revenue Code · Environmental tax · for purposes of this section
The term "derivative" means any contract (including any option, forward contract, futures contract, short position, swap, or similar contract) the value of which, or any payment or other transfer with respect to which, is (directly or indirectly) determined by reference to one or more of the following:
(i) Any share of stock in a corporation.
(ii) Any evidence of indebtedness.
(iii) Any commodity which is actively traded.
(iv) Any currency.
(v) Any rate, price, amount, index, formula, or algorithm.
Such term shall not include any item described in clauses (i) through (v).
Source
- 2017–201826 U.S.C. § 59AInternal Revenue Code · Environmental tax · for purposes of this section