### Question
How is the "issuer" defined?


### Answer
The term **issuer** is defined in *15 U.S.C. § 78c* as follows -

> the person by whom the equipment or property is, or is to be, used

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

