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DEFINITION of 'Non-Security'. A type of investment that is not as freely marketable or transferable as a security.Unlike a security, a non-security does not require the backing of an underwriter or bank, and involves much less documentation and paperwork. security is an instrument representing a freely transferable and salable investment, which includes the risk of loss in value. Securities include assets such as stocks, mutual funds, government bonds and debentures.
A transfer is when assets are given or sold from one person to another. For Medical Assistance purposes, a prohibited transfer is the voluntary giving or sale of your assets to another person without receiving something of equal or greater value in return, (uncompensated) in order to qualify for:or Medical Assistance purposes, a prohibited transfer is the voluntary giving or sale of your assets to another person without receiving something of equal or greater value in return, (uncompensated) in order to qualify for: