EQUITY PRECIOUS METAL

Example Definitions of "EQUITY PRECIOUS METAL"
EQUITY PRECIOUS METAL. Shall Precious Metal (a) owned outright by the Consignee subject only to security interests permitted hereunder, and (b) not delivered to the Consignee pursuant to a "consignment", "lease", "loan", "conditional sale" or other similar arrangement.
Found in MICHAEL ANTHONY JEWELERS INC contract
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