Within the investment environment the term security means
A) a legal representation of the right to receive future payments under stated conditions.
B) an interest in an asset held by a trustee for the benefit of another person.
C) the value of a portfolio.
D) the return to an investment manager.

Question

Quizplus · Accepted Answer

A security is a financial instrument that represents an ownership interest, debt, or the right to receive future payments under stated conditions. Examples include stocks, bonds, and options.

(B) describes a trust, not a security. 
(C) describes the value of a portfolio, not a security. 
(D) describes the return to an investment manager, not a security.

Within the Investment Environment the Term Security Means