A legal claim of the holder against the obliged person.
A security is the bearer of a legal claim which it embodies, and is basically irreplaceable for the creation, existence, transfer and extinguishment thereof. Securities can be issued in a physical or book-entry (dematerialized) form. The term "security" is not defined in the Czech Republic. The Securities Act only defines the system of securities, which includes shares, interim certificates, units, bonds, investment coupons, coupons, option warrants, bills of exchange and promissory notes, cheques, bills of lading, warehouse certificates and agricultural warehouse certificates and other securities declared to be securities under other laws.