Qualified Stated Interest Law and Legal Definition

Qualified stated interest is defined as the "stated interest that is unconditionally payable in cash or in property (other than debt instruments of the issuer), or that will be constructively received under section 451, at least annually at a single fixed rate". Capital One Fin. Corp. v. Comm'r, 2009 U.S. Tax Ct. LEXIS 28 (T.C. Sept. 21, 2009)