### Question
Can you define what original issue discount obligation means?


### Answer
**Original issue discount obligation** is defined as the following in *26 U.S.C. § 871*:

> any bond or other evidence of indebtedness having original issue discount (within the meaning of section 1273)

#### Citation:
  - *26 U.S.C. § 871*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART II-NONRESIDENT ALIENS AND FOREIGN CORPORATIONS > Subpart A-Nonresident Alien Individuals**

