### Question
How does SECURITIES AND TRUST INDENTURES define small business related security?


### Answer
Under *15 U.S.C. § 78c*, **small business related security** is defined as:

> a security that is rated in 1 of the 4 highest rating categories by at least 1 nationally recognized statistical rating organization, 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

#### Citation:
  - *15 U.S.C. § 78c*
  - Heading: **CHAPTER 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER III-TRUST INDENTURES**

