Word.ws English Dictionary

economic substance

economic substance noun: a substantial purpose (aside from reduction of tax liability) and an economic effect (aside from the tax effect), which a transaction must have in order to qualify for any tax benefits.

Noun

economic substance (uncountable)

  1. (US) A substantial purpose (aside from reduction of tax liability) and an economic effect (aside from the tax effect), which a transaction must have in order to qualify for any tax benefits.

Questions about economic substance

What does economic substance mean?
Economic substance means a substantial purpose (aside from reduction of tax liability) and an economic effect (aside from the tax effect), which a transaction must have in order to qualify for any tax benefits.
What part of speech is economic substance?
Economic substance is a noun.

Words near economic substance in the dictionary

  1. economic rent
  2. economic rents
  3. economic scenario generator
  4. economic scenario generators
  5. economic science
  6. economic substance
  7. economic terrorism
  8. economic warfare
  9. economical
  10. economical with the truth
  11. economicalization

Source and license

Adapted from Wiktionary: economic substance (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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