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What does NPC stand for?

NPC stands for Notional Principal Contract

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of NPC

Other Resources:
We have 403 other meanings of NPC in our Acronym Attic

Samples in periodicals archive:

The Regulation provides that a notional contract is "a financial instrument that provides for the payment of amounts by one party to another at specified intervals calculated by reference to a specified index upon a notional principal amount in exchange for specified consideration or a promise to pay similar amounts" and that the source of notional principal contract income is the resident of the taxpayer [7,8].
a credit card agreement, a notional principal contract, a futures or forward contract (including a "take or pay" contract), or any derivative); (iv) an endowment contract, annuity contract, or an insurance contract that has cash value; and (v) nonfunctional currency.
Financial instruments are stocks, other equity interests, debt, options, forward or futures contracts, notional principal contracts and derivatives.
Investment assets include (1) cash; (2) stock or securities; (3) interest in a partnership; (4) any debt instrument or other evidence of debt; (5) any option, forward or futures contract, notional principal contract or derivative; (6) foreign currency; or (7) any similar asset.
The 1997 Act In considering changes to the investment company rules, Congress was concerned that under prior law, a partnership or a corporation was not treated as an investment company even though more than 80 percent of its assets were a combination of readily-marketable stock and securities and other high-quality investment assets of determinable values, such as non-convertible debt instruments, notional principal contracts, foreign currency, and interests in metals.
In order to permit taxpayers to revise the information collected from CFCs in respect of their Subpart F income, TEI recommends that regulations defining the scope of the net income inclusion for notional principal contracts be issued in early to mid-1998.