### Question
How does the law define lending or finance business?


### Answer
Under *26 U.S.C. § 279*, **lending or finance business** is defined as:

> a business of making loans or purchasing or discounting accounts receivable, notes, or installment obligations

#### Citation:
  - *26 U.S.C. § 279*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IX-ITEMS NOT DEDUCTIBLE**

