The terms used in this Chapter shall be defined as follows: <Amended on Dec. 31, 2022>
1. The term "stocks, etc." means equity securities as defined in Article 4 (4) of the Financial Investment Services and Capital Markets Act (the proviso of Article 4 (1) of the same Act shall not apply; and collective investment securities as defined in Article 9 (21) of the same Act, as prescribed by Presidential Decree, shall be excluded therefrom), depository receipts as defined in Article 4 (8) of the same Act that display rights related to equity securities, and equity interests;
2. The term "bonds, etc." means debt securities as defined in Article 4 (3) of the Financial Investment Services and Capital Markets Act, depository receipts as defined in paragraph (8) of the same Article that display rights related to debt securities, and securities that accrue interest or discount, as prescribed by Presidential Decree;
3. The term "transfer" means the actual transfer of an asset for consideration, such as by sale, exchange, in-kind contribution to a corporation, transfer between accounts, change of account name, or physical transfer. In such casse, any of the following cases shall be deemed to be a transfer:(a) The amount of debt incurred by the donee in the event of a gift of encumbered property prescribed by Presidential Decree;(b) Repayment of bonds, etc.;(c) Cancellation of equity securities marked with warrants as defined in Article 4 (4) of the Financial Investment Services and Capital Markets Act, out of stocks, etc.[This Article Newly Inserted on Dec. 29, 2020][Enforcement Date: January 1, 2025] Article 87-2