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short-term nongovernment obligation

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 1271 — for purposes of this title

For purposes of this paragraph, the term “short-term nongovernment obligation” means any obligation which—

(i) has a fixed maturity date not more than 1 year from the date of the issue, and

(ii) is not a short-term Government obligation (as defined in paragraph (3)(B) without regard to the last sentence thereof).