### Question
What does short-term Government obligation mean?


### Answer
**Short-term Government obligation** has the following meaning in *26 U.S.C. § 1271*:

> any obligation of the United States or any of its possessions, or of a State or any political subdivision thereof, or of the District of Columbia, which has a fixed maturity date not more than 1 year from the date of issue

#### Citation:
  - *26 U.S.C. § 1271*
  - 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 A-Original Issue Discount**

