sale of security

sale of security
Any agreement whereby a person transfers, or agrees to transfer, either the ownership of or an interest in a security. A broad term, as used in Securities Acts, inclusive of an exchange of securities, a subscription for corporate stock, an extension of the maturity of investment certificates, and a contract by a corporation to dispose of shares rendered available upon an increase in the number of shares by proper action taken. 47 Am J1st Secur A § 19.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Security Pacific Bank — Security Pacific National Bank (SPNB) was a large US bank headquartered in Los Angeles, California. In 1992 Bank of America acquired SPNB. A new Security Pacific Bank emerged in February 2005, the result of a name change by a bank formed from the …   Wikipedia

  • sale — n 1 a: the transfer of title to property from one party to another for a price; also: the contract of such a transaction see also short 1 2 compare barter, donation …   Law dictionary

  • security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …   Law dictionary

  • sale and repurchase agreement — Repo is short for a repurchase agreement or a sale and repurchase agreement where one party sells a security to another party for cash and agrees to repurchase it on a specified date for a specified price. The interest rate implied from this… …   Law dictionary

  • Security as a service — refers to the practice of delivering traditional security applications as an Internet based service, on demand, to consumers and businesses. It is an example of the everything as a service trend and shares many of the common characteristics,… …   Wikipedia

  • sale and lease back — The owner of a freehold property sells it to an investment institution for its capital value and at the same time takes a lease of the property from the investment institution. The investment institution acquires the property at a value, which… …   Law dictionary

  • Security interest — A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt.[1] It gives the beneficiary of the security interest certain… …   Wikipedia

  • security — /si kyoor i tee/, n., pl. securities, adj. n. 1. freedom from danger, risk, etc.; safety. 2. freedom from care, anxiety, or doubt; well founded confidence. 3. something that secures or makes safe; protection; defense. 4. freedom from financial… …   Universalium

  • sale — A contract between two parties, called, respectively, the seller (or vendor) and the buyer (or purchaser), by which the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title… …   Black's law dictionary

  • Sale el Sol — This article is about the album. For the song, see Sale el Sol (song). Sale el sol Studio album by Shakira …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”