### Question
How does INVESTMENT COMPANIES define financial contract?


### Answer
Under *15 U.S.C. § 80a*, **financial contract** is defined as:

> any arrangement that—


(I) takes the form of an individually negotiated contract, agreement, or option to buy, sell, lend, swap, or repurchase, or other similar individually negotiated transaction commonly entered into by participants in the financial markets

#### Citation:
  - *15 U.S.C. § 80a*
  - Heading: **CHAPTER 2D-INVESTMENT COMPANIES AND ADVISERS > SUBCHAPTER I-INVESTMENT COMPANIES**

