Distance between two ground points within a route.

A general term used to refer to the evidence of ownership of a stock or bond. This can equally be evidence of a debt.
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Evidence of a debt or of ownership as stocks, bonds and checks.

A law passed in 1933 mandating that a prospectus, a document with detailed information about the company and its finances, must be used in the sale of securities. This act also mandates full and fair disclosure throughout the sale.
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US: Act to ensure the availability of complete and reliable information about securities being sold to the public. The most important components of the Act are Section 5, which makes it illegal to offer or sell securities to the public unless they have first been registered with the Securities and Exchange Commission (SEC), and Section 11, which imposes civil liability for material misstatements in registration statements. Failure to comply with the Act’s technical or substantive requirements in connection with a public offering of a security can result in liability of the corporation and its directors and officers.
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Focuses on the initial offering and sale of securities by companies. The Act, among other things, requires registration of the securities and full, honest disclosure of all material information about the securities before the securities can be offered or sold. Violators may be subject to civil liability and criminal penalties.

Refer to the catchall antifraud provisions under the Securities Exchange Act of 1934. The vast majority of private class action securities lawsuits brought against directors and officers for open market misrepresentations are brought under these provisions, which prohibit any person from using an instrumentality of interstate commerce to engage in any manipulative, deceptive or fraudulent conduct in connection with the purchase or sale of any security (including not only publicly traded securities, but also securities in a privately-held company). “Securities” are defined broadly to include not only shares of stock, but certain notes, bonds, debentures, investment contracts and other investment instruments.

Imposes liability on a director or officer who personally purchases and sells, or sells and purchases, the company’s securities within a six month period. The statute, which is intended to prevent the misuse of inside information by company insiders, requires the insider to disgorge to the company any profit realized from the short swing transactions, regardless of whether the insider in fact knew of any material, nonpublic information at the time of the transactions.

Provisions of the act that prohibit persons from making false or misleading statements in either a registration statement filed with the SEC or in a prospectus used in the offer or sale of securities. These statutes are the general bases for securities class action lawsuits against directors and officers in connection with a company’s offer or sale of its own securities.

The Securities Exchange Act of 1934, which focuses on the secondary trading of securities after the securities have been sold by the issuing company. Among other things, the statute creates the Securities and Exchange Commission (SEC) and establishes a system of minimum standards governing open market transactions in securities. Violators may be subject to civil liability and criminal penalties.

A commercial crime form that covers securities deposited with an institution, such as a bank or trust company, or a trusted individual, such as a stockbroker. This form covers loss due to disappearance, destruction, or theft.