Security

Security means a share, participation, or other interest in property or in an enterprise of the issuer or an obligation of the issuer that:
(1) Either is represented by an instrument issued in bearer or registered form or, if not represented by an instrument, is registered in books maintained to record transfers by or on behalf of the issuer;
(2) Is of a type commonly dealt in on securities exchanges or markets or, when represented by an instrument, is commonly recognized in any area in which it is issued or dealt in as a medium for investment; and
(3) Either is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests, or obligations.

Source

12 CFR § 703.2

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Scoping language

The following definitions apply to this part:

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