{"id":11983,"date":"2018-01-10T21:00:16","date_gmt":"2018-01-10T21:00:16","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=11983"},"modified":"2018-01-28T04:06:34","modified_gmt":"2018-01-28T04:06:34","slug":"security","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=11983","title":{"rendered":"Security &#8211; any interest or instrument relating to finances"},"content":{"rendered":"<div class=\"_1dwg _1w_m _q7o\">\n<div>\n<div id=\"js_e\" class=\"_5pbx userContent _22jv _3576\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\">\n<p style=\"text-align: center;\"><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">security<\/span>:<\/strong><\/span><br \/>\n<em>n<\/em>. (15c)<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>l. Collateral given or pledged to guarantee the fulfillment of an <a href=\"https:\/\/reunitethestates.org\/?page_id=11951\" target=\"_blank\" rel=\"noopener\">obligation<\/a>; especially, the assurance that a <a href=\"https:\/\/reunitethestates.org\/?page_id=12089\" target=\"_blank\" rel=\"noopener\">creditor<\/a> will be repaid (usually with interest) any money or credit extended to a debtor.<\/strong>\u00a0 See SATISDATION (1).<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">chattel security<\/span>:<\/strong><\/span> (1840) <strong>A security consisting of <a href=\"https:\/\/reunitethestates.org\/?page_id=11787\" target=\"_blank\" rel=\"noopener\">personal property<\/a>.\u00a0<\/strong> See <a href=\"https:\/\/reunitethestates.org\/?page_id=8161\" target=\"_blank\" rel=\"noopener\"><strong>CHATTEL<\/strong><\/a>.<br \/>\n<\/span><\/li>\n<\/ul>\n<p><strong><span style=\"font-size: 14pt;\">2. Someone who is bound by some type of <a href=\"https:\/\/reunitethestates.org\/?page_id=12060\" target=\"_blank\" rel=\"noopener\">guaranty<\/a>; <a href=\"https:\/\/reunitethestates.org\/?page_id=12032\" target=\"_blank\" rel=\"noopener\">SURETY<\/a>. <\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">3. The quality, state, or condition of being secure, especially from danger or attack. <\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">4. An <a href=\"https:\/\/reunitethestates.org\/?page_id=11903\" target=\"_blank\" rel=\"noopener\">instrument<\/a> that evidences the holder\u2019s ownership rights in a firm (e. g., a <a href=\"https:\/\/reunitethestates.org\/?page_id=8591\" target=\"_blank\" rel=\"noopener\">stock<\/a>), the holder\u2019s <a href=\"https:\/\/reunitethestates.org\/?page_id=12089\" target=\"_blank\" rel=\"noopener\">creditor<\/a> relationship with a firm or government (e. g. a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a>), or the holder\u2019s other rights (e. g, an option).\u00a0 *\u00a0 A security indicates an interest based on an investment in a common enterprise rather than direct participation in the enterprise.\u00a0 Under an important statutory definition, a security is any interest or <a href=\"https:\/\/reunitethestates.org\/?page_id=11903\" target=\"_blank\" rel=\"noopener\">instrument<\/a> relating to finances, including a note, <a href=\"https:\/\/reunitethestates.org\/?page_id=8591\" target=\"_blank\" rel=\"noopener\">stock<\/a>, treasury stock, <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a>, <a href=\"https:\/\/reunitethestates.org\/?page_id=11881\" target=\"_blank\" rel=\"noopener\">debenture<\/a>, evidence of indebtedness, certificate of interest or participation in a profit-sharing agreement, collateral trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, or certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of these things.\u00a0 A security also includes any put, call, <\/span><\/strong><span style=\"font-size: 14pt;\"><strong>straddle, option, or privilege on any security, certificate of deposit, group or index of securities, or any such device entered into on a national securities exchange, relating to foreign currency.<\/strong> 15 USCA \u00a7 77b(1). \u2014 aka (in sense 4) <span style=\"color: #800000;\"><em><strong>evidence of indebtedness<\/strong><\/em><\/span>; <span style=\"color: #800000;\"><em><strong>evidence of debt<\/strong><\/em><\/span>.\u00a0 Cf. <\/span><span style=\"font-size: 14pt;\">SHARE, <em>n<\/em>. (2); STOCK (4). [1]<br \/>\n<\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\">1. A stock certificate, <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a>, or evidence of secures indebtedness.\u00a0 <span style=\"color: #800000;\">Anno: 47 ALR2d 229<\/span>.<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">A share of stock.\u00a0 <span style=\"color: #800000;\">Anno: 52 ALR 1098<\/span> (term as used in a will).\u00a0 A <a href=\"https:\/\/reunitethestates.org\/?page_id=8591\" target=\"_blank\" rel=\"noopener\">stock<\/a>, <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a>, or other <a href=\"https:\/\/reunitethestates.org\/?page_id=8143\" target=\"_blank\" rel=\"noopener\">contract<\/a> wherein an investment is made for the purpose of securing income or profit. <span style=\"color: #800000;\">47 Am Jlst Secur A \u00a7 16<\/span>. <\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">Any instrument issued or offered to the public by any company, evidencing or representing any right to participate or share in the profits or earnings or the distribution of assets of any business carried on for profit. <span style=\"color: #800000;\"><em>People v McCalla<\/em>, 63 Cal App 783, 220 P 436<\/span>. <\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">An instrument issued in bearer or registered form of a type commonly dealt in upon securities exchanges or markets or is commonly recognized in any area in which it is issu<span class=\"text_exposed_show\">ed or dealt in as a medium for investment; an instrument evidencing a share, participation, or other interest in property or in an enterprise or evidences an <a href=\"https:\/\/reunitethestates.org\/?page_id=11951\" target=\"_blank\" rel=\"noopener\">obligation<\/a> of the issuer. UCC \u00a7 8-102(1)(a).<\/span><\/span><\/strong><\/p>\n<div class=\"text_exposed_show\">\n<p><span style=\"font-size: 14pt;\"><strong>Protection of citizen, resident, or transient against attack directed against his person or property.\u00a0 Protection of the nation against attacks from abroad and subversion from within.\u00a0 A <a href=\"https:\/\/reunitethestates.org\/?page_id=12003\" target=\"_blank\" rel=\"noopener\">mortgage<\/a>, lien, <a href=\"https:\/\/reunitethestates.org\/?page_id=12079\" target=\"_blank\" rel=\"noopener\">encumbrance<\/a>, deposit, or pledge for the payment of a debt or the performance of an obligation.\u00a0 In the broad sense, inclusive of \u201csurety.\u201d <span style=\"color: #800000;\">50 Am J1st Suret \u00a7 3<\/span>.<\/strong><br \/>\n<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>Security is that which makes the enforcement or promise more certain than the mere personal <a href=\"https:\/\/reunitethestates.org\/?page_id=11951\" target=\"_blank\" rel=\"noopener\">obligation<\/a> of the debtor or promisor, whatever may be his possessions or financial standing.\u00a0 It may be a pledge of property, or an additional personal obligation; but it means more than the mere promise of the debtor with property liable to general execution. It is true that the greater the possessions of the promisor, the more certain the enforcement of his promise, and in a sense, the <a href=\"https:\/\/reunitethestates.org\/?page_id=12089\" target=\"_blank\" rel=\"noopener\">creditor<\/a> is more secure; but such is not the security known and expressed in the law. <span style=\"color: #800000;\"><em>First Nat. Bank v Hollingsworth<\/em>, 78 Iowa 575, 43 NW 536<\/span>.<\/strong><br \/>\n<\/span><span style=\"font-size: 14pt;\">See <em>realizing on security<\/em>. [2]<\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\">1. Singular of securities.<\/span><\/strong><br \/>\n<span style=\"font-size: 14pt;\">\u00a0\u00a0\u00a0\u00a0 See <em>securities<\/em>.<\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\">2. Collateral; a pledge given to a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">creditor<\/a> by a debtor for he payment of a debt or for the performance of an <a href=\"https:\/\/reunitethestates.org\/?page_id=11951\" target=\"_blank\" rel=\"noopener\">obligation<\/a>.\u00a0 EXAMPLES: a <a href=\"https:\/\/reunitethestates.org\/?page_id=12003\" target=\"_blank\" rel=\"noopener\">mortgage<\/a>; a lien; a deposit.<\/span><\/strong><br \/>\n<span style=\"font-size: 14pt;\">\u00a0\u00a0\u00a0\u00a0 See <em>personal security<\/em>.\u00a0 See also <em>surety<\/em>.<\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\">3. Protection; safety; assurance.<\/span><\/strong><br \/>\n<span style=\"font-size: 14pt;\">\u00a0\u00a0\u00a0\u00a0 See <em>client security fund<\/em>; <em>internal security<\/em>. [3]<\/span><\/p>\n<\/div>\n<p><span style=\"font-size: 14pt;\">\u00a0<strong>\u00a0\u00a0\u00a0 Excerpt from Thomas Lee Hazen&#8217;s\u00a0<a href=\"http:\/\/legalsolutions.thomsonreuters.com\/law-products\/Practitioner-Treatises\/Hazens-Treatise-on-the-Law-of-Securities-Regulation-7th-Practitioner-Treatise-Series\/p\/102404320\" target=\"_blank\" rel=\"noopener\"><em>Treatise on the Law of Securities Regulation<\/em><\/a>\u00a0(3d ed. 1995):<\/strong><\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\">\u00a0\u00a0\u00a0\u00a0 \u201c<span style=\"color: #800000;\">What do the following have in common: scotch whisky, self-improvement courses, cosmetics, earthworms, beavers, muskrats, rabbits, chinchillas, fishing boats, vacuum cleaners, cemetery lots, cattle embryos, master record<\/span><\/span><\/strong><span style=\"font-size: 14pt;\"><strong><span style=\"color: #800000;\">ing contracts, animal feeding programs, pooled litigation funds, and fruit trees?\u00a0 The answer is that they have all been held to be securities within the meaning of federal or state securities statutes.\u00a0 The vast range of such unconventional investments that have fallen within the ambit of the securities laws&#8217; coverage is due to the broad statutory definition of a \u2018security.&#8217;<\/span>\u201d<\/strong> [4]<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #993300;\">Specific Types of Securities:<\/span><\/strong><\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">bond<\/span><\/a> &#8211; a written promise acknowledging the <a href=\"https:\/\/reunitethestates.org\/?page_id=11951\" target=\"_blank\" rel=\"noopener\">obligation<\/a> to pay a debt; either as money or to perform some act if certain circumstances occur or a certain time elapses.<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=12003\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">mortgage<\/span><\/a> &#8211; a conveyance of title to property that is given as security for the payment of a debt or the performance of a duty and that will become void upon payment or performance according to the stipulated terms.<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=8591\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">stock<\/span><\/a> &#8211; a proportional part of a corporation&#8217;s\u00a0capital represented by the number of equal units\u00a0(or shares) owned, granting the holder the right to participate in the company&#8217;s general management and to share in its net profits or earnings.<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">adjustment security<\/span>:<\/strong><\/span> (2004) <strong>A stock or <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a> that. is issued during a corporate reorganization.\u00a0 *\u00a0 The security <\/strong><\/span><span style=\"font-size: 14pt;\"><strong>holders\u2019 relative interests are readjusted during this process.<\/strong><br \/>\n<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">assessable security<\/span>:<\/strong> <\/span>(1974) <strong>A security on which a charge or assessment covering the <a href=\"https:\/\/reunitethestates.org\/?page_id=11951\" target=\"_blank\" rel=\"noopener\">obligations<\/a> of the issuing company is made.\u00a0 *\u00a0 Bank and insurance-company stock may be assessable.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">asset-backed security<\/span>:<\/strong><\/span> (1982) <strong>A debt security (such as a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a>) that is secured by assets that have been pooled and secured by the assets from the pool.<\/strong> \u2014 Abbr. ABS.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">bearer security<\/span>:<\/strong><\/span> (1910) <strong>An unregistered security payable to the holder.\u00a0<\/strong> Cf. bearer bond under BOND (3).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">callable security<\/span>:<\/strong><\/span> See redeemable security.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">certificated security<\/span>:<\/strong><\/span> (1975) <strong>A security that is a recognized investment vehicle, belongs to or is divisible into a class or series of shares, and is represented on an <a href=\"https:\/\/reunitethestates.org\/?page_id=11903\" target=\"_blank\" rel=\"noopener\">instrument<\/a> <\/strong><\/span><span style=\"font-size: 14pt;\"><strong>payable to the bearer or a named person.\u00a0<\/strong> See UCC \u00a7 8-102(a)(4).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">collateral security<\/span>:<\/strong><\/span> (17C) <strong>1. A security, subordinate to and given in addition to a primary security, that is intended to guarantee the validity or convertibility of the primary security.\u00a0 2. COLLATERAL (2).<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">\u00a0<strong>\u00a0\u00a0\u00a0 \u201c<span style=\"color: #800000;\">\u2018Collateral security\u2019 is a separate obligation, as the negotiable bill of exchange or promissory note of a third person, or document of title, or other representative of value, indorsed where necessary, and delivered by a debtor to his creditor, to secure the payment of his own obligation, represented by an independent<\/span> <a href=\"https:\/\/reunitethestates.org\/?page_id=11903\" target=\"_blank\" rel=\"noopener\">instrument<\/a><span style=\"color: #800000;\">. Such collateral security stands by the side of the principal promise as an additional or cumulative means for securing the payment of the debt.\u00a0 The transfer, however, of the debtor\u2019s own negotiable promissory notes as collateral security for the payment of other notes made by him, does not come within any definition of collateral security; nor where the proposed collateral security is a negotiable promissory note of a person already liable on a bill of exchange, the payment of which is to be secured.<\/span>&#8221; William Colebrooke, <a href=\"https:\/\/www.amazon.com\/Treatise-Collateral-Securities-Quasi-Negotiable-Non-Negotiable\/dp\/111241651X\" target=\"_blank\" rel=\"noopener\"><em>A Treatise on the Law of Collateral Securities<\/em><\/a> 2-3 (1883).<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">\u00a0\u00a0\u00a0<strong>\u00a0 \u201c<span style=\"color: #800000;\">The term \u2018collateral security\u2019 or \u2018collateral\u2019 means a , pledge of incorporeal property assigned or transferred and delivered by a debtor or some one for him to a creditor as security for the payment of a debt or the fulfillment of an obligation. It stands by the side of the principal obligation as an additional means to secure the payment of the debt or fulfillment of the obligation.<\/span>\u201d Leonard A. Jones, A Treatise <\/strong><\/span><strong><span style=\"font-size: 14pt;\">on the Law of Collateral Securities and Pledges 2 (Edward M. White ed., 3d ed. 1912).<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\">\u00a0<strong>\u00a0\u00a0\u00a0 \u201c<span style=\"color: #800000;\">The term \u2018collateral security\u2019 has come into quite frequent use of late to designate pledges of incorporeal personalty, and, when so used, it distinguishes in general the business of the banker from that of the pawnbroker. As thus used, the term is convenient and unobjectionable. Unfortunately, however, it is loosely applied to mortgages either of realty or personalty, and is often improperly used in still other <\/span><\/strong><\/span><strong><span style=\"font-size: 14pt;\"><span style=\"color: #800000;\">senses.<\/span>\u201d Armistead M. Dobie, <a href=\"http:\/\/link.sandiego.edu\/portal\/Handbook-on-the-law-of-bailments-and-carriers\/RoHhK7aglmM\/\" target=\"_blank\" rel=\"noopener\"><em>Handbook on the Law of Bailments and Carriers<\/em><\/a> 179 (1914).<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">consolidated security<\/span>:<\/strong><\/span> (usu. pl.) (1934) <strong>A security issued in large enough numbers to provide the funds to retire two or more outstanding issues of debt securities.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">conversion security<\/span>:<\/strong> <\/span>(I950) <strong>The security into which a convertible security may be converted, usually common stock.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">convertible security<\/span>:<\/strong> <\/span>(1818) <strong>A security (usually a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a> or preferred stock) that may be exchanged by the owner for another security, especially common stock from the same company, and usually at a fixed price on a specified date.<\/strong> \u2014 aka (specif.) <span style=\"color: #800000;\"><em><strong>convertible debt<\/strong><\/em><\/span>; <span style=\"color: #800000;\"><em><strong>convertible stock<\/strong><\/em><\/span>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">coupon security<\/span>:<\/strong><\/span> (1972) <strong>A security with detachable interest coupons that the holder must present for <\/strong><\/span><strong><span style=\"font-size: 14pt;\">payment as they mature.\u00a0 *\u00a0 Coupon securities are usually in denominations of $1,000, and they are negotiable.<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">covered security<\/span>:<\/strong><\/span> (1968) <strong>A security that under federal law is exempt from state restrictions and regulation.\u00a0 *\u00a0 Because state laws set different requirements for individual companies to register, file, and comply with state regulations, the National Securities Market Improvement Act of 1996 created a uniform set of rules to standardize security regulations and filings nationwide, most stocks traded in the US are covered securities.<\/strong> \u2014 aka <span style=\"color: #800000;\"><em><strong>federal covered security<\/strong><\/em><\/span>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">debt security<\/span>:<\/strong><\/span> (1846)<strong> A security. representing funds borrowed by the corporation from the holder of the debt obligation; especially, a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a>, note, or <a href=\"https:\/\/reunitethestates.org\/?page_id=11881\" target=\"_blank\" rel=\"noopener\">debenture<\/a>.\u00a0 *\u00a0 Generally, a debt security is any security that is not an equity security.\u00a0<\/strong> See BOND (3).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">dematerialized security<\/span>:<\/strong><\/span> See uncertificated security. <\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">derivative security<\/span>:<\/strong><\/span> See DERIVATIVE (2).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">divisional security<\/span>:<\/strong> <\/span>(1880) <strong>A special type of security issued to finance a particular project.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">equity security<\/span>:<\/strong><\/span> (1883) <strong>A security representing an ownership interest in a corporation (such as a share of stock) rather than a debt interest (such as a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a>); any <a href=\"https:\/\/reunitethestates.org\/?page_id=11881\" target=\"_blank\" rel=\"noopener\">stock<\/a> or similar security, or any security that is convertible into stock or similar security or carrying a warrant or right to subscribe to or purchase <a href=\"https:\/\/reunitethestates.org\/?page_id=11881\" target=\"_blank\" rel=\"noopener\">stock<\/a> or a similar security, <\/strong><\/span><strong><span style=\"font-size: 14pt;\">and any such warrant or right.<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">exempt security<\/span>:<\/strong> <\/span>(1934) <strong>A security that need not be registered under the provisions of the Securities Act of 1933 and is exempt from the margin requirements of the Securities Exchange Act of 1934.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">federal covered security<\/span>:<\/strong><\/span> See covered security.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">first security<\/span>:<\/strong><\/span> See first lien under LIEN.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong><span style=\"font-size: 18pt;\"><span style=\"color: #ff00ff;\">fixed-income security<\/span>:<\/span><\/strong> (1939) <strong>A security that pays 8 fixed rate of return, such as a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a> with a fixed interest rate or a preferred stock with a fixed dividend.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">fixed security<\/span>:<\/strong><\/span> <strong>A security representing a lien on a specified item or items.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">government security<\/span>:<\/strong><\/span> (18c) <strong>A security issued by a government, a government agency, or a government corporation; especially, a security (such as a Treasury bill) issued by at us. government agency, with the implied backing of Congress.<\/strong> \u2014 aka <span style=\"color: #800000;\"><em><strong>government-agency security<\/strong><\/em><\/span>; <\/span><span style=\"font-size: 14pt;\"><span style=\"color: #800000;\"><em><strong>agency security<\/strong><\/em><\/span>; <span style=\"color: #800000;\"><em><strong>government bond<\/strong><\/em><\/span>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">heritable security<\/span>:<\/strong><\/span> (1820)<em> Scots law<\/em>. <strong>A debt instrument secured by a charge on heritable property.<\/strong> \u2014 aka <span style=\"color: #800000;\"><em><strong>inheritable security<\/strong><\/em><\/span>. See heritable bond under BOND (2).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">high-grade security<\/span>:<\/strong><\/span> (1930) <strong>A security issued by a company of sound financial condition and having the ability to maintain good earnings (e.g., a utility company security).<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">high-yield security<\/span>:<\/strong><\/span> See high-yield bond under BOND (3).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">hybrid security<\/span>:<\/strong><\/span> (1936) <strong>A security with features of both a debt instrument (such as a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a>) and an equity interest (such as a share of stock).\u00a0 *\u00a0 An example of a hybrid security is a. convertible bond, which can be exchanged for shares in the issuing corporation and is subject to stock-price fluctuations.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">investment security<\/span>:<\/strong><\/span> (1894) <strong>An instrument issued in PM bearer or registered form as a type commonly recognized as a medium for investment and evidencing a share or other interest in the property or enterprise of <\/strong><\/span><strong><span style=\"font-size: 14pt;\">it: the issuer.<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">junior security<\/span>:<\/strong><\/span> (1885) <strong>A security that is subordinate ii to a senior security.\u00a0 *\u00a0 Junior securities have a lower priority in claims on assets and income.<\/strong><\/span><\/p>\n<\/div>\n<div data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><\/div>\n<div class=\"_5pbx userContent _22jv _3576\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">landed security<\/span>:<\/strong><\/span> (18c) <strong>A <a href=\"https:\/\/reunitethestates.org\/?page_id=12003\" target=\"_blank\" rel=\"noopener\">mortgage<\/a> or other encumbrance affecting land.<\/strong><\/span><\/div>\n<div data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><\/div>\n<div class=\"_5pbx userContent _22jv _3576\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">letter security<\/span>:<\/strong><\/span> See restricted security.<\/span><\/div>\n<div data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><\/div>\n<div class=\"_5pbx userContent _22jv _3576\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">listed security<\/span>:<\/strong><\/span> (1910) <strong>A security accepted for trading It on a securities exchange.\u00a0 *\u00a0 The issuing company must <\/strong><\/span><span style=\"font-size: 14pt;\"><strong>have met the SEC\u2019s registration requirements and . complied with the rules of the particular exchange. <\/strong>\u2014 aka <span style=\"color: #800000;\"><em><strong>listed stock<\/strong><\/em><\/span>. See DELISTING.<\/span><\/div>\n<div data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><\/div>\n<div class=\"_5pbx userContent _22jv _3576\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">long-term security<\/span>:<\/strong><\/span> (1912) <strong>1. A new securities issue with an initial maturity of ten years or more. 2. On a balance ll sheet, a security with a remaining maturity of one year\u00a0 or more.<\/strong><\/span><\/div>\n<div data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><\/div>\n<div class=\"_5pbx userContent _22jv _3576\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">low-grade security<\/span>:<\/strong><\/span> (1949)<strong> A security with low investment quality.\u00a0 *\u00a0 Low-grade securities usually offer higher yields to attract capital.\u00a0<\/strong> See<em> high-yield bond<\/em> under BOND <\/span><span style=\"font-size: 14pt;\">(3). <\/span><\/div>\n<div data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\"><\/div>\n<div class=\"_5pbx userContent _22jv _3576\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\">\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">marginable security<\/span>:<\/strong><\/span> (1974) <strong>A security that can be bought on margin.<\/strong> \u2014 aka <span style=\"color: #800000;\"><em><strong>margin stock<\/strong><\/em><\/span>. See<\/span><span style=\"font-size: 14pt;\">MARGIN.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">margined security<\/span>:<\/strong><\/span> (1973)<strong> A security that is bought on margin and that serves as collateral in a margin account.\u00a0 <\/strong><\/span><span style=\"font-size: 14pt;\">See MARGIN. ,<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">marketable security<\/span>:<\/strong><\/span> (1835) <strong>A security that the holder can readily sell on a stock exchange or an over-tires counter market.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">mortgage-backed security<\/span>:<\/strong><\/span> (1968) <strong>A security (especially a pass-through security) backed by <a href=\"https:\/\/reunitethestates.org\/?page_id=12003\" target=\"_blank\" rel=\"noopener\">mortgages<\/a>.\u00a0 *\u00a0 The cash flow from these securities depends on principal and interest payments from the pool of <a href=\"https:\/\/reunitethestates.org\/?page_id=12003\" target=\"_blank\" rel=\"noopener\">mortgages<\/a>.\u00a0<\/strong> See stripped mortgage-backed security.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">municipal security<\/span>: <\/strong><\/span>See municipal bond under BOND (3).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">noncallable security<\/span>:<\/strong> <\/span>(1979) <strong>A security that cannot be redeemed, or bought back, at the issuer\u2019s option.<\/strong> \u2014 aka (specif.) <span style=\"color: #800000;\"><em><strong>noncallable bond<\/strong><\/em><\/span>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">nonmarketable security<\/span>:<\/strong><\/span> (1934) <strong>1. A security that cannot be sold on the market and can be redeemed <\/strong><\/span><strong><span style=\"font-size: 14pt;\">only by the holder. 2. A security that is not of investment quality.<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">outstanding security<\/span>:<\/strong><\/span> (1831) <strong>A security that is held by an investor and has not been redeemed by the issuing corporation.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">pass-through security<\/span>:<\/strong><\/span> (1970) <strong>A security that passes through payments from debtors to investors.\u00a0 *\u00a0 Pass-through securities are usually assembled and sold in packages to investors by private lenders who deduct a service fee before passing the principal and interest payments through to the investors.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">personal security<\/span>:<\/strong> <\/span>(18c) <strong>1. An obligation for the repayment of a debt, evidenced by a pledge or note binding a natural person, as distinguished from property. 2. A person\u2019s legal right to enjoy life, health, and reputation.<\/strong><\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><span style=\"color: #ff00ff;\">public security<\/span>:<\/span> A <a href=\"https:\/\/reunitethestates.org\/?page_id=12020\" target=\"_blank\" rel=\"noopener\">negotiabl<\/a>e or transferable security that is evidence of government debt.<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><strong><span style=\"font-size: 18pt;\"><span style=\"color: #ff00ff;\">real security<\/span>:<\/span> The security of <a href=\"https:\/\/reunitethestates.org\/?page_id=12003\" target=\"_blank\" rel=\"noopener\">mortgage<\/a>s or other liens or encumbrances on land.<\/strong> See COLLATERAL (2).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">redeemable security<\/span>:<\/strong><\/span> (1830) <strong>Any security, other than a short-term note, that, when presented to the issuer, entitles the holder to receive a share of the issuer\u2019s assets or the cash equivalent.<\/strong> \u2014 aka <span style=\"color: #800000;\"><em><strong>callable security<\/strong><\/em><\/span>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">registered security<\/span>:<\/strong> <\/span>(1834) <strong>l. A security whose owner is recorded in the issuer\u2019s books.\u00a0 *\u00a0 The issuer keeps a record of the current owners for purposes of sending dividends, interest payments, proxies, and the like. 2. A security that is to be offered for sale and for which a registration statement has been submitted. <\/strong>\u2014 aka <\/span><span style=\"font-size: 14pt;\">(specif.) <span style=\"color: #800000;\"><em><strong>registered stock<\/strong><\/em><\/span>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">restricted security<\/span>:<\/strong><\/span> (1939) <strong>A security that is not registered with the SEC and therefore may not be sold publicly unless specified conditions are met.\u00a0 *\u00a0 A restricted security is usually acquired in a nonpublic transaction in which the buyer gives the seller a letter stating the buyer\u2019s intent to hold the stock as an investment rather than resell it. <\/strong>\u2014 aka <span style=\"color: #800000;\"><em><strong>restricted stock<\/strong><\/em><\/span>; <\/span><span style=\"font-size: 14pt;\"><span style=\"color: #800000;\"><em><strong>letter security<\/strong><\/em><\/span>; <span style=\"color: #800000;\"><em><strong>letter stock<\/strong><\/em><\/span>; <span style=\"color: #800000;\"><em><strong>unregistered security<\/strong><\/em><\/span>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">senior security<\/span>:<\/strong><\/span> (1893) <strong>A security of a class having priority over another class as to the distribution of assets <\/strong><\/span><strong><span style=\"font-size: 14pt;\">or the payment of dividends. 15 USCA \u00a7 7 7r(d)(4).<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">shelf security<\/span>:<\/strong><\/span> (1963) <strong>A security that is set aside for shelf registration.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">short-term security<\/span>: <\/strong><\/span>(1926) <strong>A <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a> or note that matures and is payable within a brief period (often one year).<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">speculative security<\/span>:<\/strong><\/span> (1832) <strong>A security that. as an investment, involves a risk of loss greater than would usu. be involved; especially, a security whose value depends on proposed or promised future promotion or develop<\/strong><\/span><strong><span style=\"font-size: 14pt;\">ment, rather than on present tangible assets or conditions.<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">stripped mortgage-backed security<\/span>:<\/strong><\/span> (1986) <strong>A derivative security providing distributions to classes that <\/strong><\/span><strong><span style=\"font-size: 14pt;\">receive different proportions of either the principal or interest payments from a pool of mortgage-backed <\/span><span style=\"font-size: 14pt;\">secu<\/span><\/strong><span style=\"font-size: 14pt;\"><strong>rities<\/strong>. \u2014 Abbr. SMBS. See <em>mortgage-backed security.<\/em><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">structured security<\/span>:<\/strong><\/span> (usu. pl.) (1987) <strong>1. A security whose cash-flow characteristics depend on one or more indexes, or that has an embedded forward or option. 2. A security for which an investor\u2019s investment return and the issuer\u2019s payment obligations are contingent on, or highly sensitive to, changes in the value of the underlying assets, indexes, interest rates, or cash flows. SEC <\/strong><\/span><strong><span style=\"font-size: 14pt;\">Rule 434(h) (17 CFR \u00a7 230.434(h)). <\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">treasury security<\/span>:<\/strong><\/span> See treasury stock under STOCK.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">uncertificated security<\/span>:<\/strong><\/span> (1976) <strong>A share or other interest in property or an enterprise, or an obligation of the issuer that is not represented by an instrument but is <\/strong><\/span><strong><span style=\"font-size: 14pt;\">registered on the issuer\u2019s books. UCC \u00a7 8-102(a)(18).\u00a0 *\u00a0 This term was called uncertified security in earlier <\/span><\/strong><span style=\"font-size: 14pt;\"><strong>versions of the UCC. <\/strong>\u2014 aka (BrE) <span style=\"color: #800000;\"><em><strong>dematerialized security.<\/strong><\/em><\/span><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">unlisted security<\/span>:<\/strong><\/span> (1932) <strong>An over-the-counter security that is not registered with a stock exchange.<\/strong> \u2014 aka <span style=\"color: #800000;\"><em><strong>unlisted stock<\/strong><\/em><\/span>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">voting security<\/span>:<\/strong><\/span> See <em>voting stock<\/em> under STOCK.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">when-issued security<\/span>:<\/strong> <\/span>(1945) <strong>A security that can be traded even though it has not yet been issued.\u00a0 *\u00a0 Any transaction that takes place does not become final until <\/strong><\/span><strong><span style=\"font-size: 14pt;\">the security is issued.<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">worthless security<\/span>:<\/strong><\/span> (1852) <strong>A security that has lost its value, for which a loss (usually capital) is allowed for tax purposes. IRC (26 USCA) \u00a7 165.1<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">zero-coupon security<\/span>:<\/strong><\/span> (1981) <strong>A security (especially a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a>) that is issued at a large discount but pays no interest.\u00a0 *\u00a0 The face value of the bond is payable at maturity.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">security agreement<\/span>:<\/strong><\/span> (1909) <strong>An agreement that creates or provides for an interest in specified real or personal property to guarantee the performance of an obligation.\u00a0 *\u00a0 It must provide for a security interest, describe the collateral, and be signed by the debtor.\u00a0 The agreement may include other important covenants and warranties.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">security clearance<\/span>:<\/strong><\/span> (1963) <strong>Official permission for someone to enter a place or building, or to view secret documents and the like, typically after a rigorous background check.<\/strong><\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><span style=\"color: #ff00ff;\">Security Council<\/span>:<\/span> A principal organ of the United Nations, consisting of live permanent members (China, France, Russia, the United Kingdom, and the United States) and ten additional members elected at stated intervals, charged with the responsibility of maintaining international peace and security, and esp. of preventing or halting wars by diplomatic, economic, or military action.\u00a0 *\u00a0 The nonpermanent members are elected from each of the world\u2019s major regions, based on a distribution formula.<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"color: #ff00ff;\"><strong><span style=\"font-size: 18pt;\">security deposit<\/span><\/strong><\/span>: See DEPOSIT (3).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">security for costs<\/span>:<\/strong><\/span> (17c) <strong>Money, property, or a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a> given to a court by a plaintiff or an appellant to secure the payment of court costs if that party loses.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">security police<\/span>:<\/strong><\/span> (1915) <strong>1. Police whose mission is counter espionage. 2. The military police of an air force.<\/strong>\u00a0\u2014 aka (in sense 2) <span style=\"color: #800000;\"><em><strong>air police<\/strong><\/em><\/span>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">security rating<\/span>:<\/strong><\/span> (1938) <strong>1. The system for grading or classifying a security by financial strength, stability, or risk\u00a0 *\u00a0 Firms such as Standard and Poors and Moodys grade securities. 2. The classification that a given security 18 assigned to under this system.<\/strong> \u2014 aka <span style=\"color: #800000;\"><em><strong>security grade<\/strong><\/em><\/span>; <em><strong><span style=\"color: #800000;\">security grading<\/span><\/strong><\/em>; <em><strong><span style=\"color: #800000;\">security rate<\/span><\/strong><\/em>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">security risk<\/span>:<\/strong> <\/span>(1948) <strong>1. A situation that could endanger people. 2. Someone within an organization, especially government, who cannot be trusted with important secrets because he or she might divulge them to an enemy.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><strong><span style=\"color: #ff00ff;\">security service<\/span>:<\/strong> <\/span>(1918) <strong>A government organization whose mission is to protect a country s secrets and assets from enemy countries and to protect the government against any attempt to diminish its power.<\/strong><\/span><span style=\"font-size: 14pt;\"><span style=\"font-size: 14pt;\"><br \/>\n<\/span><\/span><\/p>\n<\/div>\n<div class=\"_3x-2\">\n<div data-ft=\"{&quot;tn&quot;:&quot;H&quot;}\">\n<p align=\"CENTER\"><strong><span style=\"color: #993300;\"><span style=\"font-size: x-large;\">References:<\/span><\/span><\/strong><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #ff0000;\"><span style=\"font-size: large;\">Disclaimer:<\/span><\/span><\/strong><strong><span style=\"font-size: large;\"> All material throughout this website is compiled in accordance with <a href=\"https:\/\/reunitethestates.org\/\/?page_id=2191\" target=\"_blank\" rel=\"noopener\">Fair Use<\/a><\/span><\/strong><strong>.<\/strong><\/p>\n<p><strong><span style=\"font-size: large;\">[1]: <a href=\"https:\/\/reunitethestates.org\/\/?page_id=5154#sdfootnote1anc\" name=\"sdfootnote1sym\">Black\u2019s Law Dictionary\u00a0Deluxe Tenth Edition\u00a0by Henry Campbell Black &amp; Editor in Chief Bryan A. Garner<\/a>. ISBN: 978-0-314-62130-6<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: large;\">[2]: <a href=\"https:\/\/reunitethestates.org\/\/?page_id=9167\" target=\"_blank\" rel=\"noopener\">Ballantine\u2019s Law Dictionary\u00a0<\/a><\/span><\/strong><a href=\"https:\/\/reunitethestates.org\/\/?page_id=9167\" target=\"_blank\" rel=\"noopener\"><em><span style=\"font-size: large;\">with Pronunciations<br \/>\n<\/span><\/em><strong><span style=\"font-size: large;\">Third Edition<\/span><\/strong><\/a><strong><span style=\"font-size: large;\">\u00a0by James A. Ballantine\u00a0<\/span><\/strong><em><span style=\"font-size: large;\">(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em><strong><span style=\"font-size: large;\">Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: large;\">[3]: <a href=\"https:\/\/reunitethestates.org\/\/?page_id=7679\" target=\"_blank\" rel=\"noopener\">Ballantine&#8217;s Law Dictionary <\/a><\/span><\/strong><em><a href=\"https:\/\/reunitethestates.org\/\/?page_id=7679\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: large;\">Legal Assistant Edition<\/span><\/a><\/em><strong><span style=\"font-size: large;\"><br \/>\nby Jack Ballantine\u00a0<\/span><\/strong><em><span style=\"font-size: large;\">(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em><strong><a href=\"https:\/\/www.lawyeredu.org\/what-is-a-juris-doctorate-degree.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: large;\">Doctored<\/span><\/a><\/strong><em><span style=\"font-size: large;\">\u00a0<\/span><\/em><strong><span style=\"font-size: large;\">by\u00a0Jack G. Handler,\u00a0<a href=\"https:\/\/www.lawyeredu.org\/what-is-a-juris-doctorate-degree.html\" target=\"_blank\" rel=\"noopener\">J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">[4]: 1 Thomas Lee Hazen, <a href=\"http:\/\/legalsolutions.thomsonreuters.com\/law-products\/Practitioner-Treatises\/Hazens-Treatise-on-the-Law-of-Securities-Regulation-7th-Practitioner-Treatise-Series\/p\/102404320\" target=\"_blank\" rel=\"noopener\"><em>Treatise on the Law of Securities Regulation<\/em><\/a> \u00a7 1.5, at 2829 (3d ed. 1995).<\/span><\/strong><\/p>\n<p align=\"CENTER\"><span style=\"font-size: large;\">******************************************<\/span><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #993300;\"><span style=\"font-size: x-large;\">Back to <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">Bonds<\/a><\/span><\/span><\/strong><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #ff00ff;\"><span style=\"font-size: x-large;\">Like this website?<\/span><\/span><\/strong><\/p>\n<p align=\"CENTER\"><strong><a href=\"https:\/\/www.crowdpac.com\/campaigns\/289757\/startup-funds-for-wild-willpower-pac-housing-eco-wise-homesteading-solutions-for-all\"><span style=\"font-size: x-large;\">Please Support Our Fundraiser<\/span><\/a><\/strong><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\">or donate via\u00a0<a href=\"http:\/\/www.paypal.com\/\">PayPal<\/a>:<\/span><\/span><\/strong><\/p>\n<h4 class=\"western\" align=\"CENTER\"><span style=\"font-size: x-large;\"><ul class=\"ul-addw2p ul-addw2p-paypalbutton\">\n<li>please set some widgets to show from Appearance -> Widgets.<\/li>\n<\/ul>\n<\/span><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.reunitethestates.org\/wp-content\/uploads\/2017\/11\/ReUniteTheStates-Card.jpg?resize=474%2C271\" width=\"474\" height=\"271\" name=\"graphics1\" align=\"BOTTOM\" border=\"0\" \/><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #ff0000;\"><span style=\"font-size: large;\">Disclaimer:<\/span><\/span><\/strong><strong><span style=\"font-size: large;\">\u00a0<a href=\"http:\/\/www.wildwillpower.org\/\">Wild Willpower<\/a>\u00a0does not condone the actions of\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=OglrzNohp3Q\">Maximilian Robespierre<\/a>, however the above quote is excellent!<\/span><\/strong><\/p>\n<p align=\"CENTER\"><strong><span style=\"font-size: large;\">This website is being broadcast for\u00a0<a href=\"http:\/\/www.wildwillpower.org\/about-wild-willpower\/a-peaceable-assembly-of-civilians\">First Amendment purposes<\/a>\u00a0courtesy of<\/span><\/strong><\/p>\n<p><a href=\"http:\/\/www.wildwillpower.org\/about-wild-willpower\/a-peaceable-assembly-of-civilians\"><span style=\"color: #000080;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i2.wp.com\/www.reunitethestates.org\/wp-content\/uploads\/2013\/08\/Wild-WIllpower-array-of-greens.jpg?resize=474%2C83\" width=\"474\" height=\"83\" name=\"graphics2\" align=\"BOTTOM\" border=\"2\" \/><\/span><\/a><\/p>\n<p align=\"CENTER\"><span style=\"font-size: x-large;\">Questions?\u00a0 Suggestion(s)?<br \/>\n<a href=\"mailto:Distance@WildWillpower.org\">Distance@WildWillpower.org<\/a>.<br \/>\n<\/span><em><span style=\"font-size: x-large;\">We look forward to hearing from you!<\/span><\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>security: n. (15c) l. Collateral given or pledged to guarantee the fulfillment of an obligation; especially, the assurance that a creditor will be repaid (usually with interest) any money or credit extended to a debtor.\u00a0 See SATISDATION (1). chattel security: (1840) A security consisting of personal property.\u00a0 See CHATTEL. 2. Someone who is bound by &hellip; <a href=\"https:\/\/reunitethestates.org\/?page_id=11983\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Security &#8211; any interest or instrument relating to finances<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":11903,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-11983","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/11983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11983"}],"version-history":[{"count":10,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/11983\/revisions"}],"predecessor-version":[{"id":12406,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/11983\/revisions\/12406"}],"up":[{"embeddable":true,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/11903"}],"wp:attachment":[{"href":"https:\/\/reunitethestates.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}