11 lines
490 B
Markdown
11 lines
490 B
Markdown
# Securites
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A legal framework in which counterparties to a contract are given time-varying rights to [income-cashflows](income-cashflows.md) according to a contractual agreement. The legal test for a product being a security is in-part defined by the [Howey Test](howey-test.md).
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## Examples
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* [Stock](stock.md)
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* [Bond](bond.md)
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* [Derivative](derivative.md)
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## References
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1. Coffee Jr, John C., Hillary Sale, and M. Todd Henderson. "Securities regulation: Cases and materials." (2015). |