excess interest
Defined in 2 places of the United States Code.
The term “excess interest” means any amount in the nature of interest—
(A) paid or credited to a policyholder in his capacity as such, and
(B) in excess of interest determined at the prevailing State assumed rate for such contract.
Source
- 2013–present26 U.S.C. § 808Internal Revenue Code · Policyholder dividends deduction · for purposes of this section
The term "excess interest" means any amount in the nature of interest—
(A) paid or credited to a policyholder in his capacity as such, and
(B) in excess of interest determined at the prevailing State assumed rate for such contract.
(2) Premium adjustment
Source
- 1994–201826 U.S.C. § 808Internal Revenue Code · Policyholder dividends deduction · for purposes of this section
The term “excess interest” means any deductions for interest payments by a taxable REIT subsidiary of a real estate investment trust to such trust to the extent that the interest payments are in excess of a rate that is commercially reasonable.
Source
- 1999–present26 U.S.C. § 857Internal Revenue Code · Taxation of real estate investment trusts and their beneficiaries · for purposes of this part