securities

securities
Stocks, bonds, notes, convertible debentures, warrants, or other documents that represent a share in a company or a debt owed by a company or government entity. Evidences of obligations to pay money or of rights to participate in earnings and distribution of corporate assets. Instruments giving to their legal holders rights to money or other property; they are therefore instruments which have intrinsic value and are recognized and used as such in the regular channels of commerce. U.S. v. Canton, C.A.N.Y., 470 F.2d 861, 865.
See also bond
- growth stock
- marketable securities
- municipal securities
- treasury stock
- watered stock.
For marshalling of securities, see marshalling assets.
" coupon securities
See coupons.
@ exempt securities
Those securities which need not be registered under provisions of Securities Act of 1933, No. 3; 15 U.S.C.A. No.No. 77c, 78c(12)
+ exempt securities
Securities exempt from registration requirements of federal and state securities laws.
@

Black's law dictionary. . 1990.

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