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web3/concepts/security.md

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Securites

A legal framework in which counterparties to a contract are given time-varying rights to income-cashflows according to a contractual agreement. The legal test for a product being a security is in-part defined by the Howey Test.

Examples

References

  1. Coffee Jr, John C., Hillary Sale, and M. Todd Henderson. "Securities regulation: Cases and materials." (2015).