The IRS issued temporary regulations relating to the treatment of upfront payments made pursuant to certain notional principal contracts (NPCs) for U.
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
We have 403 other meanings of NPC in our Acronym Attic
- Nonrecurring Production Costs
- Normal Plane Change Maneuver (US NASA)
- Normal Portland Cement
- Normalized Projection Coordinate (computer science)
- North Pacific Cable
- North Point College (India)
- North Pole Central (comic)
- North Power Controller
- North Presbyterian Church (La Crosse, WI)
- Northern People's Congress
- Novartis Pharmaceuticals Corporation (East Hanover, NJ)
- Novel Power Control Scheme
- Nuclear Pore Complex
- Number Portability Clearinghouse (telecommunications)
- Numerical Precision Control
- Nunavut Planning Commission (Canada)
- Nurse Practitioner, Certified
- Nutra Pharma Corporation (Coral Springs, FL)
- Nutrition Panel Calculator (food standards; Australia and New Zealand)
- Southwest Center for Natural Products Research and Commercialization
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.