specified index
Defined in 1 place of the United States Code.
The term “specified index” means any one or more or any combination of—
(I) a fixed rate, price, or amount, or
(II) a variable rate, price, or amount,
Source
- 2013–present26 U.S.C. § 1221Internal Revenue Code · Capital asset defined · in this section
The term "specified index" means any one or more or any combination of—
(I) a fixed rate, price, or amount, or
(II) a variable rate, price, or amount,
which is based on any current, objectively determinable financial or economic information with respect to commodities which is not within the control of any of the parties to the contract or instrument and is not unique to any of the parties' circumstances.
Source
- 1999–201826 U.S.C. § 1221Internal Revenue Code · Capital asset defined · in this section