Securities*
A document evidencing collateral for money loaned. Also, an investment instrument, other than an insurance policy or fixed annuity, issued by a corporation, government, or other organization which offers evidence of debt or equity. Securities are usually negotiable and therefore are regulated by both state and federal law. To prevent fraud, illegal acts and unsubstantial schemes, transactions in which promoters go to the public for risk capital are monitored. Personal security is the guarantee by one person to repay another person’s debt.