disqualified debt instrument

(2) Disqualified debt instrument For purposes of this subsection, the term “disqualified debt instrument” means any indebtedness of a corporation which is payable in equity of the issuer or a related party or equity held by the issuer (or any related party) in any other person.


26 USC § 163(l)(2)

Scoping language

For purposes of this subsection
Is this correct? or