Classification
Securities may be classified according to many categories or classification systems:
- Currency of denomination
- Ownership rights
- Term to maturity
- Degree of liquidity
- Income payments
- Tax treatment
- Credit rating
- Industrial sector or "industry". ("Sector" often refers to a higher level or broader category, such as Consumer Discretionary, whereas "industry" often refers to a lower level classification, such as Consumer Appliances. See Industry for a discussion of some classification systems.)
- Region or country (such as country of incorporation, country of principal sales/market of its products or services, or country in which the principal securities exchange where it trades is located)
- Market capitalization
- State (typically for municipal or "tax-free" bonds in the U.S.)
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