non-readily-tradable stock
Defined in 1 place of the United States Code.
For purposes of this paragraph, the term “non-readily-tradable stock” means stock for which, at the time of the decedent's death, there was no market on a stock exchange or in an over-the-counter market.
Source
- 1994–present26 U.S.C. § 6166Internal Revenue Code · Extension of time for payment of estate tax where estate consists largely of interest in closely held business · for purposes of this section