short-term nongovernment obligation
Defined in 1 place of the United States Code.
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).
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