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  3. Transferable securities

Transferable securities

noun

Securities, such as debentures, which can have their ownership changed.

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For example

The shares in the company were considered transferable securities.

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Other useful terms:

Bond

A written promise to repay a debt at an agreed time and to pay an agreed rate of interest on the debt.

Share capital

The money invested directly in a company by its members. When the shares are first made available by the company, people can apply to buy them. The company states the price it wants for the shares.

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