short-term Government obligation
Defined in 1 place of the United States Code.
For purposes of this paragraph, the term “short-term Government obligation” means any obligation of the United States or any of its possessions, or of a State or any political subdivision thereof, or of the District of Columbia, which has a fixed maturity date not more than 1 year from the date of issue. Such term does not include any tax-exempt obligation.
Source
- 1994–present26 U.S.C. § 1271Internal Revenue Code · Treatment of amounts received on retirement or sale or exchange of debt instruments · for purposes of this title