Transferable security: Difference between revisions

A [[negotiable investment]]<ref>I say [[negotiable investment|negotiable ''investment'']] not [[negotiable instrument|negotiable ''instrument'']] because a [[cheque]] is a [[negotiable instrument]], and I don't think you would commonly call that a [[transferable security]].</ref> in [[bearer]] or [[registered]] form and which the holder may freely [[Title transfer|transfer]] by delivery:  

*'''[[Equities]]''': An [[equity security]], evidencing an [[Equity securities|equity interest]] in an undertaking,  

To be contrasted with [[indebtedness]] or [[exposure]] in the form of, say, a [[loan]] or [[over-the-counter]] [[derivative]], where the [[creditor]] or [[counterparty]] cannot easily sell its right to repayment<ref>Yes, yes, I know it can novate it, or sub-participate it, or indeed [[securitise]] it</ref>.