Hedge Fund Glossary

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definition depends upon the context. In Bond and equity land, a Security is a thing that is regulated by the Securities laws. The Supreme Court justices know it when they see it. See Reves v. Ernst & Young, 494 U.S. 56 (1990). In bank parlance, Security is a reference to the granting of a Lien on assets to secure a debt obligation. See Secured Debt and Security Interest.

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