Securities are all kinds of economic rights and interests certificates, and also refer to specialized products. It is a legal document used to prove that the holder enjoys certain rights. Mainly including capital security, currency securities and commodity securities. In a narrow sense, securities mainly refer to securities products in the securities market, including property market products such as stocks, debt market products such as bonds, and derivative market products such as stock futures, options and interest rate futures.
A negotiable security is a kind of certificate with a certain face value, which proves that the holder of the security or a specific subject designated by the security has ownership or creditor's rights. Banknotes, stamps, tax stamps, stocks, bonds, treasury bills, commercial promissory notes, acceptance bills, bank deposit certificates, etc. They are all securities. However, the securities trading in the general market should refer to the securities regulated by the Securities Law, such as paper money, stamps and tax stamps. , not in this range.