Redeemable Security Law and Legal Definition
According to 15 USCS § 80a-2 (32), the term redeemable security means “any security, other than short-term paper, under the terms of which the holder, upon its presentation to the issuer or to a person designated by the issuer, is entitled (whether absolutely or only out of surplus) to receive approximately his proportionate share of the issuer's current net assets, or the cash equivalent thereof.”
Legal Definition list
Related Legal Terms
- Abandoned Security Property [Agriculture]
- Access Control List [National Security]
- Access Control Mechanism [National Security]
- Accessible Space [National Security]
- Adverse Claim on Security
- Agricultural Biosecurity
- Alternate COMSEC Custodian [National Security]
- Alternative Security Program
- American Society of Industrial Security [ASIS]
- Anti-Spoof [National Security]
