Nonrecognition Provision Law and Legal Definition
Non recognition provision as applied in tax law refers to a statutory rule that allows all or part of a realized gain or loss not to be recognized for tax purposes. However, this provision only postpones the recognition of the gain or loss.
Legal Definition list
- Nonreactor Nuclear Facility [Energy]
- Nonqualified Written Notice of Allocation
- Nonqualified Deferred Compensation Plans
- Nonpurchaser Confusion
- Nonpunitive Grade [Educational Assistance Programs]
- Nonrecognition Provision
- Nonrecourse Loan
- Nonrecurrent Expenditures
- Nonregulated Gas Utility
- Nonreporting Issuer
- Nonresident Alien
