988 transaction - meaning and definition. What is 988 transaction
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What (who) is 988 transaction - definition


988 transaction         
A 988 transaction is a transaction described in section 988(c)(1) of the Internal Revenue Code in the United States of America. This transaction occurs when a taxpayer enters into or acquires any debt instrument, forward contract, futures contract, option, or similar financial instrument held in a non-functional currency.
988         
YEAR
988 (year); Year 988; AD 988; 988 CE; 988 AD; Events in 988; Births in 988; Deaths in 988
Year 988 (CMLXXXVIII) was a leap year starting on Sunday (link will display the full calendar) of the Julian calendar.
Transaction cost         
COST INCURRED IN MAKING AN ECONOMIC EXCHANGE
Transaction costs; Transactions costs; Transaction cost economics; Transaction Cost Economics; Entry cost; Transactions cost; Transaction-cost economics; Transaction (economics); Transactional cost; Transactional costs
In economics and related disciplines, a transaction cost is a cost in making any economic trade when participating in a market.Buy-side Use TCA to Measure Execution Performance, FIXGlobal, June 2010 Oliver E.