What are Securities?

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Securities are exchangeable or saleable in the market place.

 

"securities" definition by the Capital Market & Services Act (CMSA 2007) means

• debentures, stocks or bonds issued or proposed to be issued by any government;
• shares in or debentures of, a body corporate or an unincorporated body; or 
• unit trusts or prescribed investments,

and includes any right, option or interest in respect thereof, but does not include
futures contracts.

Securities (abbreviation of 'marketable securities') is used to describe any interest-bearing or dividend-paying paper traded in financial market.  

In financial market context, securities is a general term being applied to 

1. stocks
2. shares
3. debentures
4. notes
5. bills
6. bonds

It is a documents of evidence of ownership or debt.

Shareholding is an evidence of ownership where shares are classified as equity securities while debenture or bond is the evidence of debt while they are sometimes referred to as loan securities.

For Further Reading,

bills, bonds, debentures, Licensing, Module 6, notes, Securities, shares, SIDC, Stock Market Security Law, stocks, Study Guides