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== Classification == Securities may be classified according to many categories or classification systems: * [[Denomination (currency)|Currency of denomination]] * [[Title (property)|Ownership rights]] * Terms to maturity * Degree of liquidity * [[Income|Income payments]] * Tax treatment * [[Credit rating]] * Industrial sector or "[[Industrial sector|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 classification|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 US)
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