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hybrid instrument

Defined in 1 dictionary — U.S. Code

United States Code

7 U.S.C. § 1A — as used in this chapter

The term “hybrid instrument” means a security having one or more payments indexed to the value, level, or rate of, or providing for the delivery of, one or more commodities.

7 U.S.C. § 27 — in this section (2 versions over time)

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).

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