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The key is that the security creates a share of income for the holder, whether in the form of debt or equity. Options for later purchase are also included in the definition of security. The asset in question is a "share" that entitles the bearer to college credits in any school at the future date. A college credit is not a claim to a cash flow, nor it is claim to equity. Therefore, this is not a security. Rather, it is a coupon by which a product can later be acquired.

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Contract security services have become popular among businesses of all sizes for good reason, offering substantial cost savings. Moreover, security contract services can be highly effective and reliable when they ascribe to international standards for professional development in their…… The private security field also underwent significant reforms in connection with the qualifications, training, and especially vetting of employment candidates as well Ortmeier, 2009. Ironically, instead of recognizing the comprehensive improvement throughout the private security industry after 2001, many police personnel intensified their pre existing disdain for all non sworn security professionals instead Dalton, 2003. The Conceptual Significance of Public and Private SpacesOne of the worst consequences of the antagonism on the part of police toward private security forces is that the private security industry could actually provide valuable assistance to the overall interest of national, regional, and local security. Whereas the actions of all government policing and law enforcement authorities is very strictly limited by fundamental constitutional principles especially in connection with 4th Amendment search and seizure concepts, non governmental security agents can operate with considerably wider latitude Larsen, 2007. In general, private security personnel may conduct various types of searches…… Vermont's Junior Senator, Bernard Sanders introduced to the Senate the Stop Outsourcing Security Act S. 2398. The Stop Outsourcing Security Act will help solve the lack of oversight of contractors in Iraq by requiring that by June 2008, "the President shall submit to each specified congressional committee a report on the status of planning for the transition away from the use of private contractors for mission critical or emergency essential functions by January 1, 2009, in all conflict zones in which Congress has authorized the use of force" s 2398. This bill will examine contractor activities and ensure that renewals will only happen if the president certifies that contractors have undergone background checks and are clear of any crimes that could lead to additional problems with their work in the future. It will also allow congress to have access to information of private military companies including, the number of persons…… Battlefield ContractorsThe use of private contractors to assist the U. S.