### Question
How is the "term interest in property" defined?


### Answer
The term **term interest in property** is defined in *26 U.S.C. § 167* as follows -

> given such term by section 1001(e)(2).

#### Citation:
  - *26 U.S.C. § 167*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

