### Question
How is the "lending or finance business" defined?


### Answer
The term **lending or finance business** is defined in *26 U.S.C. § 279* as follows -

> a business of making loans or purchasing or discounting accounts receivable, notes, or installment obligations

#### Citation:
  - *26 U.S.C. § 279*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IX-ITEMS NOT DEDUCTIBLE**

