label and significant characteristics test

label-and-significant-characteristics test. Securities. The rule that an instrument will be governed by the secur-ities laws if it is labeled a stock and has the significant characteristics typically associated with shares of stock.

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词条贡献者

双语律师Shifang，知名法学院法律专业，擅长翻译各类与企业改组和重组相关的法律文件。