Margin stock
Margin stock means: (1) Any equity security registered or having unlisted trading privileges on a national securities exchange; (2) Any OTC security designated as qualified for trading in the National Market System under a designation plan approved by the Securities and Exchange Commission (NMS security); (3) Any debt security convertible into a margin stock or carrying a warrant or right to subscribe to or purchase a margin stock; (4) Any warrant or right to subscribe to or purchase a margin stock; or (5) Any security issued by an investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8), other than: (i) A company licensed under the Small Business Investment Company Act of 1958, as amended (15 U.S.C. 661); or (ii) A company which has at least 95 percent of its assets continuously invested in exempted securities (as defined in 15 U.S.C. 78c(a)(12)); or (iii) A company which issues face-amount certificates as defined in 15 U.S.C. 80a-2(a)(15), but only with respect of such securities; or (iv) A company which is considered a money market fund under SEC Rule 2a-7 (17 CFR 270.2a-7).