Securities/Hartije od vrednosti

INTRODUCTION
This term is defined in the Law on Obligations, to say the least, a security is a document of a civil right. The requirement that a right contained in a securities relates to a civil right indicates that documents relating to another right, such as: with certain certificates, diplomas, birth certificates, are not considered securities values. When it is said that the right is contained in the securities, it is implied that it is most often a liability law incorporated in the written document itself and cannot be exercised without it. Securities are documents that promise to pay money, interest, earnings or dividends. The paper itself as a security does not have any particular value. Since the right to which the security relates cannot be exercised or transferred without that security, it obtains in legal circulation the value of that right. Securities in the narrow sense are investment instruments, that is, securities with a risk of investment offset by potential earnings. This group of securities contains stocks, bonds, options, other derivatives. These securities are either an expression of an equity (stock) or indirectly an equity (option) or credit (bond) arrangement. They are sold and bought in a specialized financial market ie. capital markets and represent the most significant group of financial instruments traded in the financial markets. In a broader sense, securities and credit and payment instruments, such as checks, bills,, bills of lading and the like, also belong.

1. DEFINITION AND ESSENTIAL FEATURES
Securities means a series of written documents or documents incorporating appropriate property rights that can be used only under the condition of legal ownership. Securities in the narrow sense are investment instruments, that is, securities that have an investment risk that is offset by potential earnings.