### Question
How does QUALIFIED PENSION, ETC., PLANS define qualified securities?


### Answer
Under *26 U.S.C. § 4978*, **qualified securities** is defined as:

> given to such term by section 1042(c)(1); 

#### Citation:
  - *26 U.S.C. § 4978*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 43-QUALIFIED PENSION, ETC., PLANS**

