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](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).
## Examples
* [stock](stock.md)
* [bond](bond.md)
* [derivative](derivative.md)