The Tender For Law

Volume 12

Dec 07, 2015 6:27 PM

Will Jefferson

Security

Protection; assurance; indemnification.

The term security is usually applied to a deposit, lien, or mortgage voluntarily given by a debtor to a creditor to guarantee payment of a debt. Security furnishes the creditor with a resource to be sold or possessed in case of the debtor's failure to meet his or her financial obligation. In addition, a person who becomes a surety for another is sometimes referred to as a "security."

security

legal-dictionary.thefreedictionary.com

Definition of security in the Legal Dictionary by The Free Dictionary

Read Comments

Scott Duncan

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Now one of them lied their way into SURETY! :D