### Question
Can you define what readily tradable means?


### Answer
**Readily tradable** is defined as the following in *26 U.S.C. § 453*:

> 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

#### Citation:
  - *26 U.S.C. § 453*
  - 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 B-Taxable Year for Which Items of Gross Income Included**

