§ 141.7. Corporate debt security.
61 words·~1 min read·
/us/cfr/t12/s§ 141.7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The term corporate debt security means a marketable obligation, evidencing the indebtedness of any corporation in the form of a bond, note and/or debenture which is commonly regarded as a debt security and is not predominantly speculative in nature. A security is marketable if it may be sold with reasonable promptness at a price which corresponds reasonably to its fair value.