#certificate__security  a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends; "he held several valuable securities"
  supertype:  #legal_document__legaldocument__legal_instrument__legalinstrument__officialdocument__instrument  a document that states some contractual relationship or grants some right
  subtype:  #government_security__agency_security  a security issued by US government agencies or the Federal Land Bank
  subtype:  #mortgage-backed_security  a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the government
  subtype:  #registered_security  a security whose owner's name is recorded on the books of the issuer (or issuer's agent)
     subtype:  #registered_bond  a bond whose owner is recorded on the books of the issuer; can be transferred to another owner only when endorsed by the registered owner
  subtype:  #scrip  a certificate whose value is recognized by the payer and payee; scrip is not currency but may be convertible into currency
  subtype:  #stock_certificate__stockcertificate__stock  a certificate documenting the shareholder's ownership in the corporation; "the value of his stocks doubled during the past year"
     subtype:  #share  any of the equal portions into which the capital stock of a corporation is divided and ownership of which is evidenced by a stock certificate; "he bought 100 shares of IBM at the market price"
  subtype:  #bond_certificate__bond  an interest-bearing (or discounted) certificate of debt issued by a government or corporation in order to raise money
     subtype:  #bond_issue  bonds sold by a corporation or government agency at a particular time and identifiable by date of maturity
     subtype:  #convertible_bond__convertiblebond  a bond that can be converted to other securities under certain conditions
     subtype:  #corporate_bond__corporatebond  a bond issued by a corporation; "a corporate bond is a safer investment than common stock in the same company"
     subtype:  #coupon_bond__bearer_bond  a bond issued with detachable coupons that must be presented to the issuer for interest payments
     subtype:  #government_bond__governmentbond  a bond that is an IOU on the US Treasury; considered the safest security in the investment world
        subtype:  #savings_bond__savingsbond  non-negotiable government bond; cannot be bought and sold once the original purchase is made
        subtype:  #Treasuries__Treasury_obligations  negotiable debt obligations of the US government secured by its full faith and credit
           subtype:  #Treasury_bill__T-bill  a short-term obligation that is not interest-bearing (it is purchased at a discount); can be traded on a discount basis for 91 days
           subtype:  #Treasury_bond  a debt instrument with maturities of 10 years or longer
           subtype:  #Treasury_note  securities with maturities of 1 to 10 years; sold for cash or in exchange for maturing issues or at auction
     subtype:  #junk_bond  a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
     subtype:  #municipal_bond__municipalbond  a bond issued by a state or local government
        subtype:  #utility_bond__utilitybond__utility_revenue_bond__utilityrevenuebond  a bond issued to finance the construction of public utility services
     subtype:  #noncallable_bond__noncallablebond  a bond containing a provision that the holder cannot redeem the security before a specific date (usually at maturity)
     subtype:  #performance_bond__performancebond__surety_bond  a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance
     subtype:  #post-obit_bond  a bond made by a reversioner to secure a loan; payable out of his reversion
     subtype:  #registered_bond  a bond whose owner is recorded on the books of the issuer; can be transferred to another owner only when endorsed by the registered owner
     subtype:  #revenue_bond__revenuebond  a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bond
     subtype:  #secured_bond__securedbond  a bond that is back by collateral
     subtype:  #unsecured_bond__unsecuredbond__debenture__debenture_bond__debenturebond  a bond that is backed by the credit of the issuer but not by any specific collateral
     subtype:  #zero_coupon_bond  a bond (corporate or government) that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond
  subtype:  #zero-coupon_security  a security that makes no interest payments but instead is sold at a deep discount from its face value
     subtype:  #zero-coupon_bond  the commonest form of zero-coupon security
  subtype:  #partnership_certificate__partnershipcertificate  a certificate showing the interests of all parties in a business partnership
  subtype:  #proprietorship_certificate  a certificate showing who is responsible in an individually owned business
  subtype:  #convertible_security__convertiblesecurity__convertible  a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)
  subtype:  #letter_security  a stock or bond that is not registered with the Securities Exchange Commission and cannot be sold in the public market
     subtype:  #letter_stock  stock that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public
     subtype:  #letter_bond  a bond that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public
  subtype:  #listed_security  a security that has been accepted for trading by one of the organized and registered securities exchanges in the US
  subtype:  #unlisted_security__over_the_counter_security__OTC_security  a security traded in the over-the-counter market
     subtype:  #over_the_counter_stock__OTC_stock__unlisted_stock  stock that is not listed and traded on an organized exchange
        subtype:  #penny_stock__pennystock  a stock selling for less that $1/share

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