Meaning of security:
A security means a document that gives its owner a specific claim of ownership of a particular financial asset. Financial market provide facilities for buying & selling of financial claims and services. Thus, securities are the financial instruments which are bought and sold in the financial market for investment. The important financial instruments are shares, debentures, bonds etc. Other financial instruments are also known as securities such as Treasury Bills, Mutual Fund Units, Fixed Deposits, Insurance Policies, Post Office Savings like National Savings Certificates, Kisan Vikas Patras, Public Provident Funds etc.
39 Comments