security
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 389 U.S. 332 - Tcherepnin v. Knight · 1967Most cited · 2,141 citing opinions
Security 'embodies a flexible rather than a static principle, one that is capable of adaptation to meet the countless and variable schemes devised by those who seek the use of the money of others on the promise of profits.
How often courts cite the cases defining “security”
Court decisions citing the 2 opinions that defined “security” — 3,782 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1943–1967
- 1943·320 U.S. 344 - Securities & Exchange Commission v. C. M. Joiner Leasing Corp.[p13]· cited 1,663×ORIGINAL
The test rather is what character the instrument is given in commerce by the terms of the offer, the plan of distribution, and the economic inducements held out to the prospect.