Assertion: debt instrument's market value | /r/HasProperty | fmv
Facets:
Source sentences:
text: 1273(b)(3), the issue price of a debt instrument that is issued for property where there is public trading is its fair market value (FMV).
text: The preamble to the proposed regulations clarifies that any decrease in the fair market value (FMV) of a debt instrument (regardless of whether it is publicly traded or not) between the issue date of the debt instrument and the date of the modification is not taken into account for purposes of determining whether the modified debt instrument continues to be debt for all tax purposes to the extent the decrease in FMV is attributable to the deterioration in the financial condition of the issuer and not to a modification of the terms of the debt instrument.