qualified debt instrument
Defined in 1 place of the United States Code.
For purposes of this section, the term “qualified debt instrument” means any debt instrument given in consideration for the sale or exchange of property (other than new section 38 property within the meaning of section 48(b), as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990) if the stated principal amount of such instrument does not exceed $2,800,000.
Source
- 1994–present26 U.S.C. § 1274AInternal Revenue Code · Special rules for certain transactions where stated principal amount does not exceed $2,800,000 · for purposes of this section