Covered Clearing Obligation Law and Legal Definition
According to 12 USCS § 4402 (3), the term covered clearing obligation means “an obligation of a member of a clearing organization to make payment to another member of a clearing organization, subject to a netting contract.”
Legal Definition list
- Covered Class Action
- Covered Civil Action
- Covered Broker or Dealer [Banks & Banking]
- Covered Beryllium Illness
- Covered Allied Persons
- Covered Clearing Obligation
- Covered Clinical Study [Food and Drugs]
- Covered Commodity
- Covered Contractual Payment Entitlement
- Covered Contractual Payment Obligation
- Covered Data [Federal Railroad Administration]
