The words "valuable security" denote a document which is, or purports to be, a document whereby any legal right is created, extended, transferred, restricted, extinguished or released, or who hereby any person acknowledges that he lies under legal liability, or has not a certain legal right.

Simply Put

This act describes valuable security as in any document which is holding a legal value or value in monetory terms or related to property, anything which holds value will come under valuable security; For example A will, property papers etc.

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