### Question
How is the "registration-required obligation" defined?


### Answer
The term **registration-required obligation** is defined in *26 U.S.C. § 163* as follows -

> any obligation (including any obligation issued by a governmental entity) other than an obligation which—


(i) is issued by a natural person,


(ii) is not of a type offered to the public,


(iii) has a maturity (at issue) of not more than 1 year, or


(iv) is described in subparagraph (B)

#### Citation:
  - *26 U.S.C. § 163*
  - 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**

