Marketable Security Sample Clauses
A Marketable Security clause defines what constitutes a marketable security within the context of an agreement, typically referring to financial instruments that can be easily bought or sold on public markets. This clause often specifies the types of securities covered, such as stocks, bonds, or other liquid investments, and may set criteria like minimum trading volumes or listing requirements. Its core function is to ensure clarity and reduce ambiguity regarding which assets are considered readily tradable, thereby facilitating smooth transactions and risk assessment in financial dealings.
Marketable Security. The term “Marketable Security” shall mean any Common Stock, Preferred Stock, debt security or other security of a Person which is (or will, upon distribution thereof, be) listed on the NYSE, the NASDAQ or any other national securities exchange registered under Section 6 of the Securities Exchange Act of 1934, as amended, or approved for quotation in any system of automated dissemination of quotations of securities prices in the United States or for which there is a recognized market maker or trading market.