17 CFR § 260.11b-4 - Definition of “cash transaction” in section 311(b)(4).

---
identifier: "/us/cfr/t17/s260.11b-4"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 260.11b-4 - Definition of “cash transaction” in section 311(b)(4)."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "260.11b-4"
section_name: "Definition of “cash transaction” in section 311(b)(4)."
chapter_name: "SECURITIES AND EXCHANGE COMMISSION"
part_number: "260"
part_name: "GENERAL RULES AND REGULATIONS, TRUST INDENTURE ACT OF 1939"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 77c, 77ddd, 77eee, 77ggg, 77nnn, 77sss, 78 (d), 80b-3, 80b-4, and 80b-11, unless otherwise noted."
regulatory_source: "5 FR 293, Jan. 25, 1940, unless otherwise noted."
cfr_part: "260"
---


# 260.11b-4 Definition of “cash transaction” in section 311(b)(4).

The term “cash transaction”, as used in section 311(b)(4), means any transaction in which full payment for goods or securities sold is made within 7 days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon demand.