Shares/stocks, bonds, and notes as equity or debt instruments. Listed on an exchange, each can be readily bought or sold. This type of security is a near-cash, liquid asset , recorded n the account books under current assets when bought. Acquisition cost : purchase price plus incidentals, commissions , and taxes, or market value , whichever is lower. Savings bonds and restricted shares /stock are Non- marketable securities.
Black’s Law Online Dictionary
