Read and translate the text and learn terms from the Essential Vocabulary.
Introduction to Securities
Originally the term «securities» was used to denote security interests (such as mortgages and charges) supporting the payment of a debt or other obligation. Then, companies and government agencies began to raise capital from the public using secured debt obligations, which came to be known as «securities». As shares became more readily transferrable, their functional similarity to debt securities became clearer, and both forms of investment became known as «securities».
