What are debt securities?
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"Debt Securities" are investments where people lend money to, or deposit money with, an institution in exchange for the payment of interest or some other right in return. Some investments are secured over the assets of the institution (but not always) by way of a debenture.
(s2 Securities Act 1978)
Common debt securities are debentures (where the investment is secured over the assets of the institution), bonds (such as New Zealand Government Stock), and capital notes.
