SIGNIFICANCE AND ECONOMIC FUNCTIONS OF SECURITIES
SIGNIFICANCE AND ECONOMIC FUNCTIONS OF SECURITIES

Summary/Abstract: Globalization of markets and internationalization of trade significantly affect both the regional and national ways of doing business, economic trends, and economic balances, as well as the competitive positions on the world market of knowledge and capital. Securities have a great importance in business. Theory and practice agree that the issuance of securities represents a significant social and economic event, both locally and regionally, as well as globally. Bearing in mind the topic of the paper, in the subheadings there have been analyzed the basic issues related to securities – the concept and essential features of securities, the legal nature and types of securities, the creditworthiness of securities, the legal treatment of securities in Republic of Serbia, as well as the importance and economic function of securities.

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