Section 452B | Meaning of “interest-bearing corporate security” in Chapter 8

(1)In this Chapter “interest-bearing corporate security” means any interest-bearing security other than—

(a)a security issued by the government of a territory, or

(b)a share in a company.

(2)In this section “interest-bearing security” includes any loan stock or similar security.

(3)Section 452D(4)(a) gives an extended meaning to references to converting an interest-bearing corporate security into corporate strips (and related expressions).