Anticonduit
Definition, Meaning & Examples
Part of speech adjective
Quick meaning: Anticonduit is an adjective meaning (finance) Prohibiting conduits.
Meaning
(finance) Prohibiting conduits.
Example Sentences
A captive, located in a qualified treaty country with an anticonduit provision, may reinsure with another reinsurer located in a taxable country. Therefore the anticonduit provisions would be violated, and the exemption would be lost.
Related Words
Related dictionary entries include prohibitive, interdictory, prohibited, interdicted, exclusory, unprohibitive.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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