financial instrument
Defined in 2 places across 2 titles of the United States Code.
The term “financial instrument” includes stocks and other equity interests, evidences of indebtedness, options, forward or futures contracts, notional principal contracts, and derivatives.
Source
- 1994–present26 U.S.C. § 731Internal Revenue Code · Extent of recognition of gain or loss on distribution · in this section
the term “financial instrument” means a financial contract in which the terms and conditions are publicly available, and the roles of one or more of the counterparties are assignable without the consent of any of the other counterparties (including common stock of a publicly traded company, government bonds, or exchange traded futures and options contracts).
Source
- 2010–present12 U.S.C. § 5341Banks and Banking · Definitions · for purposes of this part