total unstated interest
Defined in 1 place of the United States Code.
For purposes of this section, the term "total unstated interest" means, with respect to a contract for the sale or exchange of property, an amount equal to the excess of—
Source
- 1994–present26 U.S.C. § 483Internal Revenue Code · Interest on certain deferred payments · for purposes of this section
For purposes of this section, the term “total unstated interest” means, with respect to a contract for the sale or exchange of property, an amount equal to the excess of—
(1) the sum of the payments to which this section applies which are due under the contract, over
(2) the sum of the present values of such payments and the present values of any interest payments due under the contract.
Source
- 201326 U.S.C. § 483Internal Revenue Code · Interest on certain deferred payments · for purposes of this section