DEFINITIVE SECURITIES
Definitive Securities: translation
Securities that are issued in the form of a paper certificate as opposed to book-entry securities which are electronic entries into a computer. Examples of definitive securities include bearer and registered bonds.
Con artists use scams offering the opportunity to "rent" or "lease" Treasury securities. These assets typically exist in book entry form and allow the scam to appear legitimate while providing the con artist with ample excuses when asked to present proof of ownership.