periodic payment
Defined in 2 places of the United States Code.
For purposes of this subsection, the term “periodic payment” means any payment (whether on a periodic basis or otherwise) made without regard to the extent of the costs incurred by the payee for qualified long-term care services.
Source
- 1996–present26 U.S.C. § 7702BInternal Revenue Code · Treatment of qualified long-term care insurance · for purposes of this section
The term “periodic payment” means a designated distribution which is an annuity or similar periodic payment.
Source
- 1994–present26 U.S.C. § 3405Internal Revenue Code · Special rules for pensions, annuities, and certain other deferred income · for purposes of this section