When you go about raising money to help fund a business venture, you will almost always engage in the sale of securities. While the definition of a “security” is very broad under applicable legislation, a simplified description is that it is any document or right that, in exchange for money from an investor, entitles the investor to a return on such monies derived from the business. The most common security is of course common shares issued by the business but includes promissory notes and any other such promises to return monies received and presumably interest or other return on such monies.
