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Covered Security
(redirected from Covered Securities)

   Also found in: Wikipedia 0.01 sec.
Covered Security
A security that has special exemption from state and local regulations. Thus, a covered security is only subject to federal regulations. This type of security was created in 1996 by the National Securities Markets Improvement Act, which was intended to standardize regulations for securities trading throughout the United States. As a result, most stocks traded in America are covered securities.


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1bn of Irish covered bonds, known as asset covered securities, in the 2008/2009 financial year, comprising EUR675m in private placements, EUR31m in registered private placements and EUR2.
They insist that defense costs must be allocated between the covered securities claim and the non-covered claims, and refuse to reimburse the latter.
There was no standard that covered securities lending transactions before this," he said.
 
 
 
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