An issuer not subject to the reporting requirements of the Exchange Act because it (1) has not voluntarily become subject to the reporting requirements, (2) has not had an effective registration statement under the Securities Act within the fiscal year, and (3) did not, at the end of its last fiscal year, meet the shareholder […]
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issuer. 1. A person or entity (such as a corporation or bank) that issues securities, negotiable instruments, or letters of credit. 2. A bailee that issues negotiable or nonnegotiable documents of title. nonreporting issuer. An issuer not subject to the reporting requirements of the Exchange Act because it (1) has not voluntarily become subject to
issuer n. (1)证券发行人 发行和销售证券的公司、政府机构及其他实体。根据《美国统一商法典》的规定，在涉及投资证券项下的义务或对该证券的抗辩时，发行人包括：１在证券上注明或授权注明其姓名，以证明该证券代表对其财产或某个企业的分享、参与或其他权益，或证明其为应履行证券义务的人，但鉴证人〔authenticating trustee〕、登记人〔registrar〕、转让代理人等除外；２直接或间接地在其权利或财产上设立由证券代表的按份共有权益的人；３处于上述发行人的地位或为其承担责任的人。 (2)信用证开证人 指开立信用证的银行或其他人。 (3)权利凭证签发人 签发权利凭证的货物保管人，但在交货指示尚未被接受时，指向货物占有人发出交货指示的人。签发人包括任何由其代理人或僱员签发权利凭证的人，只要其具有相应的真实授权或表见授权，即使签发人实际上并未收到货物，或对货物作了错误说明，或代理人或僱员以其他方式违反了签发人的指示。
Commercial law. An instrument under which the issuer (usu. a bank), at a customer’s request, agrees to honor a draft or other demand for payment made by a third party (the beneficiary), as long as the draft or demand complies with specified conditions, and regardless of whether any underlying agreement between the customer and the
A letter of credit used as a method of payment in a sale of goods (esp. in an international transaction), with the buyer being the issuer’s customer and the seller being the beneficiary, so that the seller can obtain payment directly from the issuer instead of from the buyer.
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redemption, n. 1. The act or an instance of reclaiming or regaining possession by paying a specific price. [Cases: Secured Transactions 241. C.J.S. Secured Transactions § 184.] 2. Bankruptcy. A debtor’s right to repurchase property from a buyer who obtained the property at a forced sale initiated by a creditor. [Cases: Bankruptcy 3034. C.J.S. Bankruptcy
bond indenture. 1. A contract between a bond issuer and a bondholder outlining a bond’s face value, interest rate, maturity date, and other features. 2. A mortgage held on specified corporate property to secure payment of the bond.
associated person. Securities. 1. A partner, officer, director, branch manager of a broker or dealer, or any person performing similar functions or occupying a similar status, any person directly or indirectly controlling, controlled by, or under common control with the broker or dealer, or any employee of the broker or dealer — with two exceptions:
A certificate, investment contract, or other security providing for a series of periodic payments by the holder and representing an undivided interest in certain specified securities or in a unit or fund of securities purchased wholly or partly with the proceeds of those payments. • The term also includes any security whose issuer is also
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An instrument issued in bearer or registered form as a type commonly recognized as a medium for investment and evidencing a share or other interest in the property or enterprise of the issuer. [Cases: Securities Regulation 5.10, 252. C.J.S. Securities Regulation §§ 3, 9–10, 33, 381–382, 384–386, 392.]
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