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


### Answer
The term **original issue discount** is defined in *26 U.S.C. § 1288* as the following:

> given to such term by section 1273(a) without regard to paragraph (3) thereof. 

#### Citation:
  - *26 U.S.C. § 1288*
  - 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 D-Miscellaneous Provisions**

