Investments that provide evidence of a debt or of ownership of an asset, or the legal right to acquire or sell an ownership interest. Hence a "direct investment" is where an investor directly (personally) acquires a claim on a property or security. An "indirect investment" is where the investment has been made via third party portfolio eg. a managed fund or property trust.
A Word a Day: "Security"
December 1st, 2006 at 12:40 pm