A security is a certificate that evidences an inalienable right that cannot be asserted or transferred to others without presentation of the certificate. For example, unless the shares are presented, a shareholder may not attend the companys annual general meeting, whereby today the physical presentation is no longer necessary. A confirmation from the company that the securities are owned and held in custody suffices.
Examples of securities are:
Not defined as securities are banknotes, coupons, etc.
- bonds and other fixed income instruments