### Question
How is the "hybrid instrument" defined?


### Answer
The term **hybrid instrument** is defined in *7 U.S.C. § 1a* as follows -

> a security having one or more payments indexed to the value, level, or rate of, or providing for the delivery of, one or more commodities

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

