### Question
Can you define what marketable securities means?


### Answer
**Marketable securities** is defined as the following in *26 U.S.C. § 453*:

> any security for which, as of the date of the disposition, there was a market on an established securities market or otherwise

#### Citation:
  - *26 U.S.C. § 453*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart B-Taxable Year for Which Items of Gross Income Included**

