What Does Nonfinancial Foreign Entity Mean?

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What does Nonfinancial Foreign Entity mean? Read on to discover the definition & meaning of the term Nonfinancial Foreign Entity - to help you better understand the language used in insurance policies.

Nonfinancial Foreign Entity

Nonfinancial Foreign Entity

A defined term in Foreign Account Tax Compliance Act (FATCA) legislation, used to denote any foreign entity that is not a financial institution.

We hope the you have a better understanding of the meaning of Nonfinancial Foreign Entity.

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