Classical Types of Securities
Security - a document in writing, drawn up byapproved form and protected against forgery, which certifies the property rights that come with its presentation. Depending on the rights assigned, types of securities are singled out.
The securities determine suchproperty rights as the right to demand payment of the monetary amount indicated in it, transfer of property, etc. Transfer of rights for securities is impossible without the transfer of the documents themselves.
Main types of securitiesare reduced to the following: a bond, a government bond, a check, a bill, a savings certificate, a certificate of deposit, a share, a banker's savings bank account, privatization papers.
On subjects of rights types of securities distinguish such: nominal, bearer, order.
Nominal papers are mandatory requisitesthe indication of the particular 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 to the bearer do not indicatea 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.
Essence and types of securitiesare determined by many factors. First of all, you need to know that in world practice they are divided into two major classes: basic and derivative.
The main ones are securities definingproperty rights to 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.). Securities of secondary order are issued on the basis of primary orders 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 connection with this,classic types of securities.
Bill of Exchange- monetary obligation of the debtor in writing on the return of debt, which is legally regulated by the bill of exchange.
Stock- is a single contribution to the initial authorized capital, formed by the joint-stock company, with consequent rights and rules.
Bond- debt obligation of a single nature, which consists in guaranteeing the return of the amount of money after a certain legal period with the payment of a certain income or without it.
Bill of lading- an international contract concluded for the carriage of goods that certifies the loading of cargo, its transportation and the right to receive.
Bank certificate- a certificate of savings (deposit) deposit of funds to the bank, under which the latter undertakes to pay this deposit with fixed interest through a contractual period.
Check- instruction of the drawer in writing to the bank to pay the checkee a certain amount of money documented.
Deposit certificate- a document that certifies the holders' right to the amount of the deposit that was paid to 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- Target government securities needed to transfer objects of privatization (shares, shares, property) to citizens.
These types of securities are the most common in practice.