Ruling

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Related to Letter of Determination: Private letter ruling

Ruling

A judicial or administrative interpretation of a provision of a statute, order, regulation, or ordinance. The judicial determination of matters before the court such as the admissibility of evidence or the granting of a motion, which is an application for an order.

ruling

n. court decision on a case or any legal question.

References in periodicals archive ?
Businesses and professionals are now allowed to join an existing multiple-employer VEBA as long as it has already received a letter of determination from the Internal Revenue Service (verifying the trust's tax-exempt Status) and has an independent trustee (usually a bank).
However, they have not received a letter of determination from the IRS, and many may not have applied for one.
The program is fully insured, and, by a favorable letter of determination, IRS has granted a tax exemption to the 501 (C) (9) trust.