### Question
How is the "bond" defined?


### Answer
The term **bond** is defined in *26 U.S.C. § 1278* as follows -

> any bond, debenture, note, certificate, or other evidence of indebtedness

#### Citation:
  - *26 U.S.C. § 1278*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter P-Capital Gains and Losses > PART V-SPECIAL RULES FOR BONDS AND OTHER DEBT INSTRUMENTS > Subpart B-Market Discount on Bonds**

