financial asset
Defined in 2 places across 2 titles of the United States Code.
The term “financial asset” means—
(A) any equity interest in any pass-thru entity, and
(B) to the extent provided in regulations—
(i) any debt instrument, and
(ii) any stock in a corporation which is not a pass-thru entity.
Source
- 1999–present26 U.S.C. § 1260Internal Revenue Code · Gains from constructive ownership transactions · for purposes of this section
The terms “financial asset” and “securities intermediary” have the meanings given those terms in the Uniform Commercial Code, but the former includes cash.
Source
- 2012–present22 U.S.C. § 8772Foreign Relations and Intercourse · Interests in certain financial assets of Iran · in this section