Securities

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.