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CFC

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia, Hutchinson 0.01 sec.

chlorofluorocarbon (CFC)

Any of several organic compounds containing carbon, fluorine, and chlorine. A number of different CFCs have been made and sold under the trade name Freon. Developed in the 1930s, these halogenated hydrocarbons were widely used as refrigerants and aerosol propellants and in other applications because they are nontoxic and nonflammable and readily evaporate and condense. However, CFCs released into the atmosphere rise into the stratosphere, where solar radiation breaks them down; the chlorine released reacts with ozone, depleting the ozone layer. In 1992 most developed countries agreed to end CFC production by 1996; 1997 production, weighted according to the ozone depletion potential of each CFC, was 10% of peak (1988) production.


CFC
(organic chemistry)


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shareholders") of a CFC are required to recognize their pro-rata share of subpart F income under Sec.
These rules are quite harsh, and may have serious adverse consequences for taxpayers that filled their base period amounts with high-taxed CFC dividends, while claiming the section 965 dividends-received deduction (DRD) with respect to low-taxed dividends.
Kjeldsen's data showed that 60 percent of the CFC resides in gas pockets in the foam instead of within the plastic itself.
 
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