### Question
How is the term qualified mortgage bond defined?


### Answer
The term **qualified mortgage bond** is defined in *26 U.S.C. § 143* as the following:

> a bond which is issued as part of a qualified mortgage issue

#### Citation:
  - *26 U.S.C. § 143*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IV-TAX EXEMPTION REQUIRE- > Subpart A-Private Activity Bonds**

