Overall FTC limitation
A limitation on the FTC equal to foreign source income times US tax on worldwide income divided by worldwide income.
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Overall FTC Limitation - In the U.S. tax code, a limitation on the FTC equal to foreign-source income times U.S. tax on worldwide income divided by worldwide income.
Apples mainly to convertible securities. Difference between how much common stock one party must sell and the other wishes to buy for the same amount of convertible in a swap.
Overall FTC limitation ...
 See also: Commission house, Operating cost, Withholding, Financial assets, Agency costs
  
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