The term includes notes, stocks, bonds, debentures or other forms of negotiable and non-negotiable equities or evidences of indebtedness or ownership.A document representing participation in an investment.Most securities can be identified by unique ID numbers called CUSIP numbers or by symbols.A general term applied to documents issued to investors by companies and governments etc., that evidences ownership of capital, formal loans, or financial obligations; this general descriptive term covers stock certificates, bonds, debentures, notes, warrants and similar documents, all of which are normally saleable and transferable from one party to another.Class of financial instruments with well-defined characteristics.Such characteristics include nominal value, rights and obligations of the bearer, e.g.The law does not lay down any stipulations regarding the nature of the security and the Master normally requires a deed of suretyship or a mortgage bond.It regularly happens that wills do not contain stipulations in this regard and that security is then required but cannot be provided.
For example, property is often used as collateral for a loan. A document which indicates ownership such as a stock certificate or bond.
If the will does not contain stipulations that it is not necessary to provide security, it is normally a mistake.
If the legator however feels that security must be provided, it is better to put a testamentary trust into effect.
A certificate that represents either ownership interest in a business (for example, a share of stock) or an obligation of indebtedness owed by an institution (for example, a bond). A security is any investment purchased with the expectation of making a profit.
Securities include total or partial ownership of an asset, rights to ownership of an asset, and certificates of debt from an institution.