- Fungible
- Negotiable
- Tradable
- Financial Instruments
- Represents
- 3 types- Equity- Ownership rights- Company, partnership or trust
- Capital stock
 
- Typically not entitled to regular payments- Although often pay dividends
- Capital gains
 
- Some control of company via voting- Pro rata
- Proportional
 
 
- Ownership rights
- Debt- Repayable loans
- Includes- Government and corporate bonds
- Certificates of deposit- CDs
 
- Collateralised securities- CDOs
- CMOs
 
 
- Typically entitled to regular interest payments- And repayment of principal
- Any other contractual rights
 
- Secured or unsecured- By collateral
 
 
- Hybrids- Combination of the above
 
 
- Equity