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.
USS Thorn (DD-988), a Spruance-class destroyer, was the second ship of the United States Navy to be named for Lieutenant Jonathan Thorn (1779–1811), who took part in Decatur's expedition to destroy the captured frigate Philadelphia in 1804.