Corporate Debt Security is a current Regulation ATS defined term. This guide preserves the rule-specific meaning and boundary instead of replacing it with informal market shorthand.
ReviewedEvidence1 sourceSectionPhrases & Idioms
Quick answer
Regulation ATS defines a corporate debt security through issuer liability, a fixed maturity of at least one year after issuance, and exclusion of exempted securities.
Key details
Canonical FormCorporate Debt Security
Core MeaningUnder 17 CFR § 242.300, a corporate debt security evidences an issuer liability, has a fixed maturity at least one year after issuance, and is not an exempted security as defined by the Exchange Act.
Further guidance
History Boundary
This page reflects the current reviewed Regulation ATS definition and should be rechecked if 17 CFR § 242.300 changes.
Meaning
Under 17 CFR § 242.300, a corporate debt security evidences an issuer liability, has a fixed maturity at least one year after issuance, and is not an exempted security as defined by the Exchange Act.
Usage Boundary
This regulatory definition is narrower than using “corporate debt” informally for every company borrowing instrument.
Sources and evidence
Sources are shown with the role they play in this guide. Historical or style-sensitive claims are kept within the evidence boundary described above.
17 CFR § 242.300 — Definitions↗ (opens in a new tab)Legal Information Institute, Cornell Law School · Current e-CFR mirror of Regulation ATS definitions, including the operative definition of alternative trading system incorporated by Regulation NMS.
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