Securities: zhèng quàn.

Initial consonants: zh, q;

Final consonants: eng, an;

Tone: four tones, four tones.

Securities are a collective term for a variety of economic rights and interests certificates. They also refer to specialized types of products. They are legal certificates used to prove certain specific rights and interests enjoyed by the ticket holder.

Securities mainly include capital securities, currency securities and commodity securities. Securities in a narrow sense mainly refer to securities products in the securities market, including equity market products such as stocks, debt market products such as bonds, and derivative market products such as stock futures, options, interest rate futures, etc.

Extended information:

Securities are essentially civil rights with property attributes. The characteristic of securities is that civil rights are expressed in securities, so that rights and securities are combined, and rights are embodied in securities. That is the securitization of rights. It is a legal phenomenon in which the right holder's method and process of exercising his rights is expressed in the form of securities, a social phenomenon that symbolizes the investor's investment property, and a sign and result of developed social credit.

Securities must be associated with a specific form of expression. In the development process of securities, the earliest basic way to commend securities rights was paper. Specific rights were represented by words or graphics on special paper slips.

Therefore, securities are also called "documentary evidence" and "documentary evidence". However, with the rapid advancement of the economy, especially the development of electronic technology and information networks, modern society has become "paperless" in securities, and securities investors almost no longer own any securities in the form of physical bonds.

The number of securities or securities rights held by them are accordingly recorded in the investor's account. The development process from "paper-based securities" to "paperless securities" reveals the huge difference between the concept of modern securities and the concept of traditional securities.