### Question
What does purchase mean?


### Answer
**Purchase** has the following meaning in *26 U.S.C. § 1286*:

> given such term by section 1272(d)(1).[1](#1286_1_target)


#### (e) Treatment of stripped interests in bond and preferred stock funds, etc.

#### 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**

