order security - a document by which legitimized its holder as a subject with an expression in her rights at the end of it a continuous series of endorsements, are committed to the presentation of the paper.
Underlying this definition is some way of legitimizing the holder, which this paper is to activate that the actual presentation of this document is not enough.Requires a continuous chain of marked paper endorsements, the latest and stated on prezentanta.
order security is rich in its diversity in the context of legal properties.Their classification is based on various criteria.
First of all, order security may be called depending on the type of obligation, certified by it.For any monetary obligation may be certified by check, promissory notes, bonds and various certificates.But corporate bonds with certified shares, which are corporate bonds.Another type of documents, goods, helping to certify the right to goods and services.These can be assigned a bill of lading, a mortgage and a warehouse receipt.
Another kind of these documents is checked.This is a security, which is a written order for the payment by the bank drawer chekopoluchatelyu a certain amount of money specified therein.
Based on the method of manufacture, equity and non-equity different paper.In this first type include documents that are produced in large quantities for the purpose of treatment in the organized market.These can be attributed bonds, stocks and the like.The release followed by treatment of these instruments is governed by the applicable law (the Law on Securities Market).But non-equity issued only when necessary, and confirm certain rights.
From the issuer's order security is either state or municipal or private.Their main difference - a kind of property, which they provided.
registered securities must certify belonging of the rights specified in it, the person directly named in this paper.Execution on the debtor made it to this person.Certified this document rights may be transferred to the owner to other entities.However, this procedure is carried out only in the order, which is set for an assignment (assignment of claims), which significantly reduces the negotiability of the document type in comparison with the bearer.
issue registered securities in the form of shares, of the check, bonds, bills of lading and certificate.Rights of this type of documents are transmitted or conceded by inserting a special entry in the register on the personal account or on the basis of the requirements of the authorized entity.Rights for certain registered securities are not transferred at all.An example is a personal check.
