Acquisition Indebtedness Law and Legal Definition
"Acquisition indebtedness" means “the unpaid amount of indebtedness incurred by an organization in acquiring or improving debt-financed property. Acquisition indebtedness does not include indebtedness the incurrence of which is inherent in the performance or exercise of the purpose or function constituting the basis of the organization's exemption, such as the indebtedness incurred by a credit union described in I.R.C. § 501(c)(14) in accepting deposits from its members.” [Henry E. & Nancy Horton Bartels Trust ex rel. Cornell Univ. v. United States, 2010 U.S. App. LEXIS 18678 (Fed. Cir. Sept. 7, 2010)].
Legal Definition list
- Acquisition Fee
- Acquisition Debt
- Acquisition Credit
- Acquisition Cost of Equipment [Education]
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Indebtedness
- Acquisition Loan [HUD]
- Acquisition of Ownership (Trademark)
- Acquisition Planning
- Acquisition, Development and Construction (ADC) Loan
- Acquisitive Prescription
Related Legal Terms
- Acquisition
- Acquisition and Cross-Servicing Agreement
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Assistance [Transportation]
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Acquisition Credit
- Acquisition Debt
- Acquisition Fee
- Acquisition Loan [HUD]
