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Re: What is a security?

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  • Michael H. Nowik
    A partnership with no risk of principal loss is generally called a Trust, but there may be others that limit risk such as preferred stock. Mike ... a ... saw
    Message 1 of 2 , Aug 22, 2004
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      A partnership with no risk of principal loss is generally called a
      Trust, but there may be others that limit risk such as preferred
      stock.

      Mike

      --- In tips_and_tricks@yahoogroups.com, "trillions48"
      <trillions48@h...> wrote:
      > I remember reading that a security must have an element or risk to
      > be called a security, but I cannot find the reference.
      >
      > In other words a partnership with no risk of principal loss is not
      a
      > security, such as insured or guaranteed principal. I'm certain I
      saw
      > a reference to this but cannot find it anywhere.
      >
      > Please help!
      >
      > Max
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