II.   Instruments & Transactions

Stock or Stocks are formal Instrument issued under the Corporate Securities standards of instruments and writing first formed under the Westminster laws of Great Britain from the 17th Century being registered units of hypothecation, accounting, value and ownership associated with the property of a Company or Corporation for the discharge of obligations and the conduct of business.

Stock is always associated with the units of a particular Fund and Register and may refer to:

(i) Capital Stock or Joint Stock of a Capital Fund whereby members contribute into the Capital Fund through the purchase of “Joint Stock” or “Capital Stock”; and

(ii) Inventory Stock or Goods and Wares Stock of an Inventory Fund whereby merchants and customers contribute into the Inventory Fund through the bargain and sale of ownership of goods and wares; and

(iii) Asset Stock of an Asset Fund whereby investors purchase Stock in the ownership of the Assets of the Fund in exchange for regular repayments or dividends; and

(iii) Debenture Stock of a Debt Fund whereby investors purchase Stock in the ownership of the Debt of the Fund in exchange for regular repayments and/or options of conversation and redemption.