### Question
What is the definition of hybrid instrument?


### Answer
The definition of **hybrid instrument** is as follows in *7 U.S.C. § 27*:

> an identified banking product not excluded by section 27a of this title, offered by a bank, having one or more payments indexed to the value, level, or rate of, or providing for the delivery of, one or more commodities (as defined in section 1a of this title)

#### Citation:
  - *7 U.S.C. § 27*
  - Heading: **CHAPTER 1-COMMODITY EXCHANGES**

