13 August 2009
securities is a broad term which inludes all type of instument e.g. share(equity/ preference), debenture, T- bill, bonds, commericial Bill (Bill of exchange), Mutual funds, warrents, government securities, NSC etc, However share means equity ans preference share(in india)and dennture including deneture stock represents claim on nonet lend to a preson whether secured or unsecured.
for detail 'Security' definition see Secutiries Contract (Regulation)Act
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