The following definitions apply to this subpart:
Affiliate means an affiliate, as defined under Sec. 563.41(b) of this part.
Capital means total capital, as computed under part 567 of this chapter.
Net income means your net income computed in accordance with generally accepted accounting principles.
Retained net income means your net income for a specified period less total capital distributions declared in that period.
Shares means common and preferred stock, and any options, warrants, or other rights for the acquisition of such stock. The term ``share'' also includes convertible securities upon their conversion into common or preferred stock. The term does not include convertible debt securities prior to their conversion into common or preferred stock or other securities that are not equity securities at the time of a capital distribution. [64 FR 2809, Jan. 19, 1999, as amended at 72 FR 69438, Dec. 7, 2007]