transferable security
For the purposes of the Financial Services and Markets Act 2000, anything which is a transferable security for the purposes of the Markets in Financial Instruments Directive (MiFID) other than money-market instruments for the purposes of that directive which have a maturity of less than 12 months. This covers those classes of securities which are negotiable on the capital market (except instruments of payment), such as:
• Shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares.
• Bonds or other forms of securitised debt, including depositary receipts in respect of such securities.
• Any other securities giving the right to acquire or sell any such transferable securities or giving rise to a cash settlement determined by reference to transferable securities, currencies, interest rates or yields, commodities or other indices or measures.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Transferable skills analysis — is a set of tests or logic to determine what positions a person may fill if they currently have no position (eg. a recent immigrant) or they cannot do their last position (for example, because of an injury). An informal transferable skills… …   Wikipedia

  • security — Something given or pledged to a person who is lending money in order to secure or guarantee payment of that debt. (Dictionary of Canadian Bankruptcy Terms) Under Title 11 U.S.C. Section 101: (49) The term security (A) includes (i) note; (ii)… …   Glossary of Bankruptcy

  • security — Protection; assurance; indemnification. The term is usually applied to an obligation, pledge, mortgage, deposit, lien, etc., given by a debtor in order to assure the payment or performance of his debt, by furnishing the creditor with a resource… …   Black's law dictionary

  • Security (finance) — This article is about the negotiable instrument. For the legal right given to a creditor by a borrower, see Security interest. Securities Securities Bond …   Wikipedia

  • equity security — see security Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. equity security …   Law dictionary

  • debt security — see security Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. debt security …   Law dictionary

  • Single transferable vote — Part of the Politics series Electoral methods Single winner …   Wikipedia

  • Non-Security — A type of investment that is not as freely marketable or transferable as a security. Unlike a security, a non security does not require the backing of an underwriter or bank, and involves much less documentation and paperwork. This lack of… …   Investment dictionary

  • Maritime Security Identification Card — Contents 1 What is an MSIC? 2 Background 3 Who needs an MSIC? 4 What does the application process involve? …   Wikipedia

  • equity security — Under Title 11 U.S.C. Section 101: (16) The term equity security means (A) share in a corporation, whether or not transferable or denominated stock , or similar security; (B) interest of a limited partner in a limited partnership; or (C) warrant… …   Glossary of Bankruptcy

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.