sale or exchange
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 306 U.S. 436 - Fairbanks v. United States · 1939Most cited · 323 citing opinions
Payment and discharge of a bond is neither sale nor exchange within the commonly accepted meaning of the words.
United States Code
26 U.S.C. § 864 — for purposes of this title
For purposes of this paragraph, the term "sale or exchange" means any sale, exchange, or other disposition.