ruling

(redirected from IRS Private Letter Ruling)
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ruling

[′rül·iŋ]
(mathematics)
One of the positions of the straight line that generates a ruled surface.
References in periodicals archive ?
Satisfaction of buyer's financing conditions; * Relocation of the fuel processing system; * Placement of the fuel processing system into production and the achievement of certain production minimums; and * Receipt of a favorable IRS private letter ruling (PLR), which has now been issued.
REI is planning to proceed with the spin-off to shareholders its remaining 83% interest in RRI, having recently received an expected IRS private letter ruling as to the tax free nature of the transaction as well as favorable solvency opinions for both REI and RRI.
Satisfaction of buyer's financing conditions; - Relocation of the fuel processing system; - Placement of the fuel processing system into production and the achievement of certain production minimums; and - Receipt of a favorable IRS private letter ruling (PLR).
Following the receipt of the IRS private letter ruling, Watts is proceeding with plans to separate the industrial and oil and gas businesses from its existing plumbing and heating and water quality businesses.