(1) In this section -
'marketable price floor' means 80 per cent of the net present value of the tax credit, where the net present value is determined based on the yield to maturity on a debt instrument issued by the government that issued the tax credit with equal or similar maturity (and up to 5-year maturity) issued in the same fiscal year as the tax credit is transferred or if not transferred, the origination year;
'marketable transferable tax credit' means a tax credit, or portion of a tax credit, that -
(a) can be used by the holder of the credit to reduce its liability for a covered tax in the jurisdiction that issued the tax credit,
(b) meets the legal transferability standard, and
(c) meets the marketability standard;
'non-marketable transferable tax credit' means a tax credit that -
(a) if held by the originator, is transferable but is not a marketable transferable tax credit, or
(b) if held by the purchaser, is not a marketable transferable tax credit;
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