Federal short-term rate definition

Federal short-term rate means the rate of the average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of three years or less, as determined under section 1274 of the Internal Revenue Code, for July of the current year.

Federal short-term rate means the rate defined in Section 1274(d)(1)(C)(i) of the Code;

Federal short-term rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the rate of interest published by the Secretary of the Treasury, from time to time, in accordance with Section 1274(d) of the Internal Revenue Code, as the monthly Federal short-term rate.

Examples of Federal short-term rate in a sentence

• For purposes of this Agreement, the term "Discount Rate" shall mean the applicable Federal short-term rate determined under Section 1274(d) of the Code or its successor.

• The Company shall pay the Executive any additional amount determined by Tax Counsel to be due under this paragraph 6 (together with interest thereon at a rate equal to 120% of the Federal short-term rate determined under section 1274(d) of the Code) promptly after such determination.

• The Company shall pay the Executive any additional amount determined by Tax Counsel to be due under this Section 5 (together with interest thereon at a rate equal to 120% of the Federal short-term rate determined under section 1274(d) of the Code) promptly after such determination.

• The Company shall pay the Executive any additional amount determined by Tax Counsel to be due under this paragraph 7 (together with interest thereon at a rate equal to 120% of the Federal short-term rate determined under section 1274(d) of the Code) promptly after such determination.

• Each Advance shall bear interest on the outstanding principal balance at the then-applicable Federal short-term rate as determined pursuant to Section 1247(d) of the Internal Revenue Code beginning on the date of the Advance.

• That underpayment rate is re- ferred to hereinafter as the ‘‘section 6621(a)(2) rate.’’ Section 6621(c) and this section, however, provide that the un- derpayment rate on any large cor- porate underpayment is the sum of the Federal short-term rate (determined under section 6621(b)) plus 5 percentage points.

• Payments under this Section 3 that are not made within the prescribed period shall thereafter bear interest at the Federal short-term rate established pursuant to Section 6621 of the Code.

• The period from the date the excess benefit transaction occurred to the date of correction is used to deter- mine whether the appropriate AFR is the Federal short-term rate, the Fed- eral mid-term rate, or the Federal long-term rate.

• The Federal short-term rate shall be the rate determined by the Secretary based on the average market yield (during any 1- month period selected by the Secretary and ending in the calendar month in which the determination is made) on outstanding marketable obligations of the United States with remaining periods to maturity of 3 years or less.

• Section 6621(a)(2) provides that the underpayment rate is the sum of the Federal short-term rate (determined under section 6621(b)) plus 3 percentage points.

More Definitions of Federal short-term rate

Federal short-term rate means the rate of the average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of

Federal short-term rate means the applicable federal short-term rate as determined under Section 1274(d) of the Code.

Federal short-term rate means the rate of the average market yield on