### Question
How is the term purchase defined?


### Answer
The term **purchase** is defined in *26 U.S.C. § 1286* as the following:

> given such term by section 1272(d)(1).

#### Citation:
  - *26 U.S.C. § 1286*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter P-Capital Gains and Losses > PART V-SPECIAL RULES FOR BONDS AND OTHER DEBT INSTRUMENTS > Subpart D-Miscellaneous Provisions**

