Example 2: The facts are the same as in Example 1, except that D borrows
from X to start an LLC with an unrelated person.
If the policyowner borrows
an amount that exceeds the total of three years' premiums, then the four-out-of-seven rule has been violated, irrespective of when the borrowing occurred during the period.
And the typical law student borrows
$40,300 to get through law school, up from $30,300 in 1993.
a foreign jurisdiction's limitation period only in actions founded upon contract or to enforce prior judgments.
The Board generally incurs a potential liability to the FDIC if an undercapitalized institution borrows
for more than 60 days in any 120-day period.
Most of the difference occurs because our government prefers not to count money it borrows
from its own retirement trust funds as debt," or interest it pays to these trust funds for past borrowings as an expense,
has been appointed vice president financial reporting and tax, and Bradley R.
The proposed regulations address an inappropriate income exclusion under the current regulations, occurring when a corporation borrows
funds from a third party, then lends them to a related affiliate to invest in tax-exempt obligations.
It earns returns on the spread between the yield on its assets and its costs, including the interest expense on the funds it borrows
During her job interview with Carrie, she mentions that she borrows
her designer handbags directly from Bag Borrow
Some practitioners argue that if a GRAT/GRUT borrows
from a third party and uses the proceeds to satisfy an annuity or unitrust payment, such borrowing should not violate the proposed regulations.
as Manager, Corporate and Program Operations, effective February 1st.