accrual period
Defined in 1 place of the United States Code.
Except as otherwise provided in regulations prescribed by the Secretary, the term “accrual period” means a 6-month period (or shorter period from the date of original issue of the debt instrument) which ends on a day in the calendar year corresponding to the maturity date of the debt instrument or the date 6 months before such maturity date.
Source
- 1994–present26 U.S.C. § 1272Internal Revenue Code · Current inclusion in income of original issue discount · for purposes of this title