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→Stock
==Stock==
==Stock==
A security in the form of stock is "secured" by the fact that is obligation is guaranteed by the [[capital]] of the corporation: the person who owns the security actually owns a right to part of the assets of the corporation.
A security in the form of stock is "secured" by the fact that the obligation is guaranteed by the [[capital]] of the corporation: the person who owns the security actually owns a right to part of the assets of the corporation, should the stock become payable as such through [[bankruptcy]] or a [[merger]].
[[category:Economics]]
[[category:Economics]]
[[category:Corporations]]
[[category:Corporations]]