### Question
What does equity securities mean?


### Answer
**Equity securities** has the following meaning in *15 U.S.C. § 683*:

> stock of any class (including preferred stock) or limited partnership interests, or shares in a syndicate, business trust, joint stock company or association, mutual corporation, cooperative or other joint venture for profit, or unsecured debt instruments which are subordinated by their terms to all other borrowings of the issuer

#### Citation:
  - *15 U.S.C. § 683*
  - Heading: **CHAPTER 14B-SMALL BUSINESS INVESTMENT PROGRAM > SUBCHAPTER III-SMALL BUSINESS INVESTMENT COMPANIES**

