Security Based Swap Law and Legal Definition
The term "security-based swap" means any agreement, contract, or transaction that:
a. is a swap under the Commodity Exchange Act; and
b. is based on an index that is a narrow-based security index, including any interest therein or on the value thereof; or a single security or loan, including any interest therein or on the value thereof; or the occurrence, nonoccurrence, or extent of the occurrence of an event relating to a single issuer of a security or the issuers of securities in a narrow-based security index, provided that such event directly affects the financial statements, financial condition, or financial obligations of the issuer. [15 USCS § 78c].
Legal Definition list
Related Legal Terms
- Abandoned Security Property [Agriculture]
- Access Control List [National Security]
- Access Control Mechanism [National Security]
- Accessible Space [National Security]
- Achievement-Based Education
- Activity-Based Costing
- Adverse Claim on Security
- Agricultural Biosecurity
- Alternate COMSEC Custodian [National Security]
- Alternative Security Program
