Securities are legal documents. Securities are used to prove the rights and interests of the holders. It consists of capital, currency and commodity securities. It is a collective term for economic equity certificates. Securities refer to a special kind of product as well. It proves that the holder of a coupon enjoys a certain specific right. The securities market is an important part of the complete market system. In developed market economy. It reflects and regulates the flow of monetary funds. It has a great impact on the operation of the entire economy. So, people should know securities in correct way. And know the types of securities. This article introduces securities from their nature and income.

Ⅰ. From Nature of Securities

There are three categories. Evidence securities. Certificate securities. Negotiable securities. Evidence securities refer to written documents that only prove facts. Such as letters of credit, evidence, etc.

Certificate securities refer to written documents. It proves the legal rights of a certain private right. And it proves that the obligations performed by the holder are valid. Such as deposit slips, IOUs, receipts, and time deposit passbooks.

Negotiable securities refer to the face value. It used to prove that the holder or a specific entity has ownership of its specific property and bonds. You can transfer Securities. Such as stocks, bonds, Treasury bills, acceptance bills, etc.

Ⅱ. From Securities Benefits

Generalized, there are two types. According to whether they can bring benefits to users. There are priceless securities and negotiable securities.

1. Priceless Securities

It cannot bring benefits to users. Including certificates securities and ownership securities. These two major securities are the written documents that prove certain facts. Such as IOUs, receipts, etc. It serves as a proof. In general, priceless securities do not have market liquidity. So, it cannot bring economic benefits to the holder.

2. Negotiable Securities

Negotiable securities can bring benefits to users. Its essence is a transaction contract or contract. It is unlike the written certificate of certificate securities. Such securities will have a certain face value. It applies to free transfer. And it will bring certain benefits to holders in the future. There are two main types of securities, stocks and bonds. Bonds have corporate bonds, government bonds, and real estate mortgage bonds. Negotiable securities can be further subdivided within. There are three types according to the issuer. Government securities. Financial securities. And corporate securities. There are two types according to whether it is listed or not. Listed securities and unlisted securities.

Today, people are no longer satisfied with the direct possession, use and benefit of wealth. But they lay more emphasis on the control of wealth. Securities produced under this form and demand. To understand the meaning and type of securities. In order to be sensible in future use and holding. In order to have a foothold in the market economy.