readily tradable
Defined in 1 place of the United States Code.
For purposes of paragraph (4), the term “readily tradable” means a bond or other evidence of indebtedness which is issued—
(A) with interest coupons attached or in registered form (other than one in registered form which the taxpayer establishes will not be readily tradable in an established securities market), or
(B) in any other form designed to render such bond or other evidence of indebtedness readily tradable in an established securities market.
Source
- 1994–present26 U.S.C. § 453Internal Revenue Code · Installment method · for purposes of this section