### Question
What does qualified securities mean?


### Answer
**Qualified securities** has the following meaning in *26 U.S.C. § 4978*:

> given to such term by section 1042(c)(1); 

#### Citation:
  - *26 U.S.C. § 4978*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 43-QUALIFIED PENSION, ETC., PLANS**

