Transferable Security

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Security issued by public or private legal entities (for example, a company, SICAV, central and local governments) which provides access, directly or indirectly, to a portion of the issuer's capital or to a right to claim.

The shares, bonds, and units of mutual funds are, examples of transferable securities. The term "transferable security" has been replaced by financial instrument in the Monetary and Financial Code.


Source: Banque de France