Obligation defined.

(2) Obligation defined. For purposes of section 956 and this section, the term obligation includes any bond, note, debenture, certificate, bill receivable, account receivable, note receivable, open account, or other indebtedness, whether or not issued at a discount and whether or not bearing interest, except that the term does not include -


26 CFR § 1.956-2

Scoping language

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