Securities do not include direct ownership in physical goods; they are an undivided interest in an asset.

Name: Securities do not include direct ownership in physical goods; they are an undivided interest in an asset.
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Securities refer to financial instruments such as stocks, bonds, and derivatives, which represent an ownership interest in a company or a contractual claim on an asset or income stream. They do not involve direct ownership in physical goods.

Securities Do Not Include Direct Ownership in Physical Goods; They