Problem 12

Introduction

Security is a financial asset that may be traded. The phrase is used to describe any type of financial instrument; however, the official standard differs depending on the country. Even if the underpinning regulatory and legal structure may not even have a broad meaning, the term “security” is often used in several nations and dialects to reference any type of financial instrument. Financial products other than stocks and fixed-income securities are expressly excluded from the term in some countries. It contains various securities that are similar to stocks and fixed incomes, such as equity warrants, in some countries.