Under the Securities Act of 1933,the definition of a security excludes a promissory note that matures not more than nine months from the date of issuance.

Question

Quizplus · Accepted Answer

The 1934 Securities Exchange Act definition of security is similar to that of the Securities Act of 1933,but the 1934 Act excludes notes and drafts that mature not more than nine months from the date of issuance.

Under the Securities Act of 1933,the Definition of a Security