lowest qualified bench mark
Defined in 1 place of the United States Code.
Except as otherwise provided in this subparagraph, for purposes of subparagraph (C), the term “lowest qualified bench mark” means the highest available strike price which is less than the applicable stock price.
Source
- 1994–present26 U.S.C. § 1092Internal Revenue Code · Straddles · for purposes of this section