### Question
How is the term original issue discount obligation defined?


### Answer
The term **original issue discount obligation** is defined in *26 U.S.C. § 871* as the following:

> any bond or other evidence of indebtedness having original issue discount (within the meaning of section 1273)

#### Citation:
  - *26 U.S.C. § 871*
  - 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 II-NONRESIDENT ALIENS AND FOREIGN CORPORATIONS > Subpart A-Nonresident Alien Individuals**

