SECURITIES AND ITS CHARACTERS AS THE PART OF THE CAPITAL MARKET OF THE SLOVAK REPUBLIC

Capital market as the complex of institutions, transactions and mechanism of offer and demand for medium-term and long-term financial capital presents that part of financial market where the movement of securities is realized and at the same time, it is the part of every efficient market economy. After 1989, securities have become the significant tool in the companies' economies whose main aim was to deposit and assess free financial resources and invest them to securities. It is not possible to reach success without the knowledge of the issue of legal enactment of securities on the securities market. The aim of the authors of this paper is the scientific research of the particular characters of securities. The main legal enactments are the Constitution of the Slovak Republic, Act on Securities and Investment Services, Commercial Code and Civil Code. The paper with its content presents multidisciplinary, i.e. economic - legal research of this issue.