§ 1693 Bond And Debt Definitions

Harbors and Navigation Code·California

AI SummaryVerified

This rule tells you what the word “bonds” includes – it’s not just traditional bonds, but also notes, commercial paper, lease agreements, installment sales, and similar certificates.

Key Takeaways

•“Bonds” covers many types of debt papers, not just classic bonds.
•Leases, installment‑sale contracts, and certificates of participation are also counted.
•Anything that shows a promise to pay money can fall under this definition.

Example

A small business sells a short‑term note to get cash for new equipment.

Because the note is listed in the definition, the law treats it the same as a bond for any rules that apply to bonds.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 1693 Bond And Debt Definitions

“Bonds” means bonds, notes, bond anticipation notes, commercial paper, or other evidences of indebtedness or lease, installment sale, or other agreements or certificates of participation therein. (Added by Stats. 1992, Ch. 1235, Sec. 3. Effective January 1, 1993.)

Last verified: January 11, 2026

Key Terms

Bonds bond anticipation notes commercial paper evidences of indebtedness certificates of participation

References

Official text at leginfo.legislature.ca.gov
California Legislature. Harbors and Navigation Code. Section 1693.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References