### Question
What is the definition of commercial transactions financing agreement?


### Answer
The definition of **commercial transactions financing agreement** is as follows in *26 U.S.C. § 6323*:

> an agreement (entered into by a person in the course of his trade or business)—


(i) to make loans to the taxpayer to be secured by commercial financing security acquired by the taxpayer in the ordinary course of his trade or business, or


(ii) to purchase commercial financing security (other than inventory) acquired by the taxpayer in the ordinary course of his trade or business

#### Citation:
  - *26 U.S.C. § 6323*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 64-COLLECTION > Subchapter C-Lien for Taxes > PART II-LIENS**

