small business related security
Defined in 1 dictionary — U.S. Code
United States Code
15 U.S.C. § 78C — under this chapter (3 versions over time)
The term “small business related security” means a security that meets standards of credit-worthiness as established by the Commission, and either—
(i) represents an interest in 1 or more promissory notes or leases of personal property evidencing the obligation of a small business concern and originated by an insured depository institution, insured credit union, insurance company, or similar institution which is supervised and examined by a Federal or State authority, or a finance company or leasing company; or
(ii) is secured by an interest in 1 or more promissory notes or leases of personal property (with or without recourse to the issuer or lessee) and provides for payments of principal in relation to payments, or reasonable projections of payments, on notes or leases described in clause (i).