The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

EXEMPT SECURITY Definition & Legal Meaning

Definition & Citations:

In the United States, a security that does not have to adhere to REGISTRATION requirements set forth by the SECURITIES AND EXCHANGE COMMISSION. Securities that are commonly exempted included TREASURY BILLS, TREASURY NOTES, TREASURY BONDS, AGENCY SECURITIES, MUNICIPAL BONDS, PRIVATE PLACEMENTS, and COMMERCIAL PAPER.


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