nonfinancial customer paper
(4) Special rules for certain receivables (A) In general Paragraph (2)(C) shall not include any nonfinancial customer paper. (B) Nonfinancial customer paper For purposes of subparagraph (A), the term “nonfinancial customer paper” means any receivable which— (i) is a note, bond, debenture, or other evidence of indebtedness; (ii) arises out of the sale of nonfinancial goods or services by a person the principal activity of which is the selling or providing of nonfinancial goods or services; and (iii) is held by such person (or a person who bears a relationship to such person described in section 267(b) or 707(b) ) at all times since issue.