Classical Types of Securities

A security is a document in writing, drawn up in an approved form and protected against a counterfeit, which certifies the property rights that arise when it is presented. Depending on the rights assigned, types of securities are singled out.

The securities themselves define such property rights as the right to demand payment of the monetary amount indicated in it, the transfer of property, etc. Transfer of rights for securities is impossible without the transfer of the documents themselves.

The main types of securities are as follows: a bond, a government bond, a check, a bill, a savings certificate, a certificate of deposit, a share, a bank transfer to a bearer, privatization papers.

On subjects of rights types of securities distinguish such: nominal, bearer, order.

Nominal papers are required by the requisition of the specific person to whom the security belongs . All property rights on it belong only to the person named in it. These include registered shares, bonds, certificates of deposit, etc.

In securities, bearer does not specify a specific person, and all rights to it belong to its actual owner. Such documents include winning lottery tickets, savings and bank certificates of bearer, bearer bonds, etc.

In order securities specify the person who has the right to receive property rights. The holder of the order paper can exercise these rights independently or appoint another person for this.

The essence and types of securities are determined by many factors. First of all, you need to know that in world practice they are divided into two major classes: basic and derived.

The main ones are securities that define property rights for certain assets (money, capital, goods, property, resources, etc.). In turn, the main papers are divided into more specific subgroups, which are primary and secondary documents. Primary assets are based on assets that do not include securities themselves (mortgages, stocks, bonds, promissory notes, etc.). Secondary securities are issued on the basis of primary securities and are documents for securities (such as depositary receipts, warrants, etc.).

There are many types of securities that differ in the rights of holders and issuers assigned to them. In this regard, distinguish classical types of securities .

Bill - a monetary obligation of the debtor in writing on the return of debt, which is legally regulated by the bill of exchange.

The share is a single contribution to the initial authorized capital, formed by the joint-stock company, with consequent rights and rules.

Bond is a single-type debt obligation that consists in guaranteeing repayment of a sum of money after a certain legal period with the payment of a certain income or without it.

A bill of lading is an international contract concluded for the carriage of goods that certifies the loading of cargo, its transportation and the right to receive it.

Bank certificate - a certificate of savings (deposit) funds to the bank, under which the latter undertakes to pay this deposit with fixed interest through a period specified in the contract.

Check - the instruction of the drawee in writing to the bank to pay the checkee a certain amount of money documented.

The deposit certificate is a document that certifies the holders' right to the amount of the deposit that was deposited into the bank and the rights of the holder of the certificate to issue the amount of the deposit and interest thereon within the prescribed period.

Privatization check is a target government security needed to transfer objects of privatization (shares, shares, property) to citizens.

These types of securities are the most common in practice.