Security
Any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or evidence of any participation in any profit-sharing agreement.
bond-basics
Security Interest
A special legal interest in property, fixtures or revenues that exists by contract as Security for payment or performance of an obligation.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Political Subdivision
A division of any state or local governmental unit which is a municipal corporation or which has been delegated the right to exercise a sufficient part of the sovereign power of the unit.