05 Apr


Blacks Law 8th Edition: debt security. A security representing funds borrowed by the corporation from the holder of the debt obligation; esp., a bond, note, or debenture. • Generally, a debt security is any security that is not an equity security. See BOND(3). [Cases: Securities Regulation 5.12, 5.13, 250. C.J.S. Securities Regulation §§ 22–23, 388, 394.]

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