### Question
How does the law define Territory?


### Answer
Under *15 U.S.C. § 77b*, **Territory** is defined as:

> Puerto Rico, the Virgin Islands, and the insular possessions of the United States

#### Citation:
  - *15 U.S.C. § 77b*
  - Heading: **CHAPTER 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER I-DOMESTIC SECURITIES**

