Applicable debt instrument
For purposes of this subsection—
(A) Applicable debt instrument
(A)Applicable debt instrument#
The term “applicable debt instrument” means any debt instrument which was issued by—
(i) a C corporation, or
(ii) any other person in connection with the conduct of a trade or business by such person.
(A)(i)#
a C corporation, or
(A)(ii)#
any other person in connection with the conduct of a trade or business by such person.
(B)Debt instrument#
The term “debt instrument” means a bond, debenture, note, certificate, or any other instrument or contractual arrangement constituting indebtedness (within the meaning of section 1275(a)(1)).