### Question
How does the law define nonfinancial customer paper?


### Answer
Under *26 U.S.C. § 475*, **nonfinancial customer paper** is defined as:

> any receivable which—



(i) is a note, bond, debenture, or other evidence of indebtedness

#### Citation:
  - *26 U.S.C. § 475*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart D-Inventories**

