market discount
Defined in 1 place of the United States Code.
The term “market discount” means the excess (if any) of—
(i) the stated redemption price of the bond at maturity, over
(ii) the basis of such bond immediately after its acquisition by the taxpayer.
Source
- 1994–present26 U.S.C. § 1278Internal Revenue Code · Definitions and special rules · for purposes of this part