What is Security?

'Securities' is a generic term meaning any tradable financial assets including, but not necessarily limited to, equities and fixed income instruments (e.g. bonds). Precisely which financial instruments are included in the term varies from one legal financial jurisdiction to another: for example, although the term is used in some jurisdictions to exclude financial instruments other than equities and fixed income instruments, in others it includes some financial instruments that are adjuncts to equities and fixed income (e.g. warrants, options, swaps, futures, and forwards).