More terms
Security
A broadly defined financial interest that includes stock, bonds, certain convertible instruments, membership interests, and investment contracts; offers and sales require registration or an exemption.
What traders should verify
For Security, locate the controlling statute or rule, transaction facts, jurisdiction, current amendments, SEC filings or orders, and qualified legal interpretation when needed.
Do not conflate
This summary of Security is educational, not a legal conclusion; the instrument's facts, current law, and jurisdiction control.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.