Securities can be either debt or equity
Answer: both debt and equity
Explanation: A security is an instrument in finance that can be traded through an intermediary that can be referred to as an exchange. A security can be in the form of debt (like treasury securities, T-bills, municipal bonds, corporate bonds and debentures). A security can also be in the form of an equity share or a derivative of an equity share. Hence a security can be both debt and equity
