### Question
What is the definition of marketable securities?


### Answer
The definition of **marketable securities** is as follows in *26 U.S.C. § 731*:

> financial instruments and foreign currencies which are, as of the date of the distribution, actively traded (within the meaning of section 1092(d)(1))

#### Citation:
  - *26 U.S.C. § 731*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter K-Partners and Partnerships > PART II-CONTRIBUTIONS, DISTRIBUTIONS, AND TRANSFERS > Subpart B-Distributions by a Partnership**

