Notional principal contract
id:
notional-principal-contract-252-18047180
title:
Notional principal contract
text:
The term notional principal contract (NPC) is a term of art used by U.S. federal income tax professionals for contracts based on an underlying notional amount. The reason the underlying amount is "notional" is that neither party to the NPC is required to actually hold the property comprising the underlying amount. NPCs involve two parties who agree contractually to pay each other amounts at specified times, based on the underlying notional amount. The simplest example of an NPC is a so-called i
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Notional_principal_contract
date created:
date modified:
2019-10-11T08:33:53Z
main entity:
{"identifier":"Q7063050","url":"https://www.wikidata.org/entity/Q7063050"}
image:
fields total:
13
integrity:
13