Securities are financial instruments that represent a tangible value. There are two broad categories of securities: debt and equity securities. Debt securities, such as bonds, are essentially financial contracts between a borrower and a creditor, where money is borrowed at a given rate of interest and is to be repaid by a specified date. Equity securities are like stocks, where you buy an ownership interest of a company in order to benefit from the company's growth and profitability. Numerous securities laws exist to protect investors, businesses and consumers by regulating securities brokers, disclosure requirements, investor behavior, and reporting requirements of companies that sell ownership shares. To learn more about the field of securities law and how it impacts businesses, consumers and the free market, visit the links on this page.