Security (finance)

In finance, a security is an instrument representing ownership (stocks), a debt agreement (bonds) or the rights to ownership (derivatives). A security is essentially a contract that can be assigned a value and traded.

Examples of a security include a note, stock, preferred share, bond, debenture, option, future, swap, right, warrant, or virtually any other financial asset.

Links

 * The Paradox of Asset Pricing. By Peter Bossaerts. Princeton, N.J.: Princeton University Press, 2002. (pdf) Richard C. Grimm, 2003