Investment Security Terms and their meanings

A few terms and their meanings that relate to investment securities.

“Broker” means a person defined as a broker or dealer under the federal securities laws, but does not exclude a bank acting in that capacity.

“Certificated security” means a investment security that is represented by a certificate.

“Good faith,” for purposes of the obligation of good faith in the performance or enforcement of contracts or duties within this chapter, means honesty in fact and the observance of reasonable commercial standards of fair dealing

“Investment Security,” means an obligation of an issuer or a share, participation or other interest in an issuer or in property or an enterprise of an issuer.

“Security certificate” means a certificate representing a investment security.