RIC definition
RIC means a Trust which has elected to be taxed as a "regulated investment company" under the United States Internal Revenue Code of 1986, as amended.
Examples of RIC in a sentence
The Borrower shall at all times maintain its status as a “business development company” under the Investment Company Act and as a RIC under the Code.
The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC and has qualified as a RIC at all times since January 2, 2008.
The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and has elected to be treated, and has qualified, as a RIC.
The Borrower shall, at all times, subject to applicable grace periods set forth in the Code, maintain its status as a RIC under the Code.
More Definitions of RIC
RIC means any investment company registered under the Act.
RIC or “regulated investment company” shall mean an investment company or business development company that qualifies for the special tax treatment provided for by subchapter M of the Code.
RIC means a Person that qualifies as a “regulated investment company” within the meaning of Section 851(a) and Section 851(b) of the Code and that is taxable under Section 852(b) of the Code by reason of having satisfied the conditions contained in Section 852(a) of the Code.
RIC means a "regulated investment company" (as defined under Subchapter M of the Code).
RIC means a regulated investment company under Subchapter M of the Code.
RIC means the Reinvestment Contract, dated as of , 1998, between Western Financial Bank and the Indenture Trustee, as in effect on the date of this Policy and without regard to any amendment or modification of the RIC except amendments or modifications to which Financial Security has given its prior written consent.