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Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

That class of investments represented by engraved, printed, or written documents evidencing ownership or creditor-ship in a corporation or other forms of business organization, or a creditor-ship relation to public bodies.  The term therefore includes bonds, stocks, mortgages, notes, coupons, scrip, warrants, rights, options, etc., of every kind.

As defined by the Securities Act of 1933, the term "security" means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreements, collateral-trust certificate, reorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of interest in property, tangible or intangible, or, in general, any instrument commonly known as a security, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, or warrant or right to subscribe to or purchase, any of the foregoing.

The term is semantic, since "securities" are all insecurities in varying degrees and respects.

The appended tables show securities prices 1970 to 1987 and sales of stocks and options on registered exchanges:  1970 to 1987.


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