### Question
What is the definition of lending or finance business?


### Answer
The definition of **lending or finance business** is as follows in *26 U.S.C. § 954*:

> the business of—



(A) making loans,



(B) purchasing or discounting accounts receivable, notes, or installment obligations,



(C) engaging in leasing (including entering into leases and purchasing, servicing, and disposing of leases and leased assets),



(D) issuing letters of credit or providing guarantees,



(E) providing charge and credit card services, or



(F) rendering services or making facilities available in connection with activities described in subparagraphs (A) through (E) carried on by—



(i) the corporation (or qualified business unit) rendering services or making facilities available, or



(ii) another corporation (or qualified business unit of a corporation) which is a member of the same affiliated group (as defined in section 1504, but determined without regard to section 1504(b)(3))

#### Citation:
  - *26 U.S.C. § 954*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART III-INCOME FROM SOURCES WITHOUT THE UNITED STATES > Subpart F-Controlled Foreign Corporations**

