liability

(2) Liability The term “liability” means a liability to render services or make available membership privileges over a period of time which does not exceed 36 months, which liability shall be deemed to exist ratably over the period of time that such services are required to be rendered, or that such membership privileges are required to be made available.

Source

26 USC § 456(e)(2)


Scoping language

For purposes of this section
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