nonqualified financial property

Defined in 1 place of the United States Code.

For purposes of this section, the term "nonqualified financial property" means debt, stock, partnership interests, options, futures contracts, forward contracts, warrants, notional principal contracts, annuities, and other similar property specified in regulations; except that such term shall not include—

Source

2000–present 26 U.S.C. § 1397CInternal Revenue Code · Enterprise zone business defined · for purposes of this section

For purposes of this section, the term “nonqualified financial property” means debt, stock, partnership interests, options, futures contracts, forward contracts, warrants, notional principal contracts, annuities, and other similar property specified in regulations; except that such term shall not include—

(1) reasonable amounts of working capital held in cash, cash equivalents, or debt instruments with a term of 18 months or less, or

(2) debt instruments described in section 1221(a)(4).

Source

2013–2018 26 U.S.C. § 1397CInternal Revenue Code · Enterprise zone business defined · for purposes of this section