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" Any note, draft, bill of exchange or banker's acceptance which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions... "
Securities Act ,hearings Before ...,73-1, on S. 875 ...,March 31 to April 8 ... - Seite 114
von United States. Congress. Senate. Banking and Currency Committee - 1933 - 349 Seiten
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Compilation of Securities Laws Within the Jurisdiction of the ..., Band 4

United States - 1997 - 720 Seiten
...Any note, draft, bill of exchange, or banker's acceptance which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions, and which has a maturity at the time of issuance of not exceeding nine months, exclusive...
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Securitizations: Legal and Regulatory Issues

Patrick D. Dolan, C. VanLeer Davis - 2000 - 1656 Seiten
...Any note, draft, bill of exchange, or banker's acceptance which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions, and which has a maturity at the time of issuance of not exceeding nine months, exclusive...
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Federal Reserve Bulletin, Band 2

1916
...definition of eligibility for commercial paper. The law absolutely prohibits the discount of paper the proceeds of which have been or are to be used for the financing affixed assets of any kind — such as machinery, buildings, or real estate — or for...
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United States Securities Law: A Practical Guide

James M. Bartos, Jim Bartos - 2006 - 299 Seiten
...of current transactions. Section 3(a)(3) refers to notes which arise "out of a current transaction, or the proceeds of which have been or are to be used for a current transaction". This condition is by far the most difficult to define. The SEC, which has had...
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