hybrid instrument

In sections 27 to 27f of this title , the term “hybrid instrument” means an identified banking product not excluded by section 27a of this title , offered by a bank, having one or more payments indexed to the value, level, or rate of, or providing for the delivery of, one or more commodities (as defined in section 1a of this title ).

Source

7 USC § 27(c)

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Scoping language

None identified, default scope is assumed to be the parent (chapter 1) of this section.

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