Issuer
Issuer is a legal entity that develops, registers, and sells securities for the purpose of financing its operations.
Issuers may be governments, corporations, or investment trusts. Issuers are legally responsible for the obligations of the issue, and for reporting financial conditions, material developments, and any other operational activities as required by the regulations of their jurisdictions.
The most common types of securities issued are equities: common and preferred stocks, and debt: bonds, notes, debentures, and bills.
In the United States, the term "issuer" is defined by Section 2(4) of the Securities Act of 1933 as follows: