Re: What is a security?
- A partnership with no risk of principal loss is generally called a
Trust, but there may be others that limit risk such as preferred
--- In firstname.lastname@example.org, "trillions48"
> I remember reading that a security must have an element or risk toa
> be called a security, but I cannot find the reference.
> In other words a partnership with no risk of principal loss is not
> security, such as insured or guaranteed principal. I'm certain Isaw
> a reference to this but cannot find it anywhere.
> Please help!