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In affirming the Fourth Circuit's decision, the Supreme Court agreed that the term "Exchange established by the State" was ambiguous but did not rely on Chevron deference to uphold the IRS's interpretation.
is exempt from the definition of the term "exchange" under such section 3(a)(1) [15 U.S.C. 78c(a)(1)] by rule or regulation of the Securities and Exchange Commission on terms that require compliance with regulations of its trading functions.
That being said, let's revisit some of the highlights from the oral arguments that took place back on March 4. Justice Breyer: As I read the definitions, there's a section, Definitions, and it says, quote, The term "Exchange" means, quote, an exchange established under 1311.
In fact, however, this stipulation was superfluous, because section 1563(b)(1) already provides that the term "Exchange" in the ACA means a 1311 Exchange and thus any Exchange authorized by the ACA--including the federal fallback exchange (or, for that matter, regional exchanges created under section 1311(f --is ef --isely a state exchange.
Metropolis Coupled Markov Chain Monte Carlo (MCMCMC) was first invented by Charles Geyer [ 33] and then reinvented by Hukushima and Nemoto [ 34] under the term exchange Monte Carlo.
Use of a measured arterial input function can provide information on the short-term bolus delivered to the tissue, the effects of cardiac output and longer term exchange processes described by the plasma washout curve.
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I used the term exchange-traded product (ETP) several times rather than referring to everything as an ETF.
They live in and for the immediate short-term exchange: tricks for food, kisses for a walk.
Both domestic and international one-term exchange programs are offered to third- and fourth-term full-time MBA students through the Jerome A. Chazen Institute for Global Business.
Significant determinants of the passthrough coefficient include per capita incomes, bilateral distance, tariffs, country size, wages, long-term inflation, and long-term exchange rate variability.
So a long-term exchange loan was arranged, in which the society's museum would get a silver gilt repousse plate from Portugal, dating from about 1500.
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