### Question
How does the law define original issue discount?


### Answer
Under *26 U.S.C. § 6049*, **original issue discount** is defined as:

> given to such term by section 1273(a).

#### Citation:
  - *26 U.S.C. § 6049*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 61-INFORMATION AND RETURNS > Subchapter A-Returns and Records > PART III-INFORMATION RETURNS > Subpart B-Information Concerning Transactions With Other Persons**

