Logourl black

Earned original issue discount

Definition

A taxpayer’s gain from reselling a promissory note purchased for less than face value, at a price exceeding that discounted price; also known as earned original issue discount income.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.