security

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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

(Pledge), noun bail, bond, collateral, deposit, earnest, gage, guarantee, indemnity, lien, pawn, pignoration, promise, promissory note, stipulation, surety, token, vadium, voucher, warranty
Associated concepts: collateral security, investment securiiies, issuing securities, public securities, real security, sale of securities, security agreement, security deposit, security interest, treasury securities, valuable securities

security

(Safety), noun anchor, assurance, asylum, bastion, bulwark, certainty, defense, dependability, faith, freedom from danger, freedom from harm, guard, immunity, impregnability, incolumitas, maintenance, palladium, preservation, protection, reliance, safe conduct, safeguard, safeness, salus, salvation, sanctuary, secureness, shelter, stability, support, trust, unassailability, unattackability
Associated concepts: national security

security

(Stock), noun assets, bill of exchange, cautio, certificate of debt, certificate of indebtedness, coupon, funds, indenture, invested property, investment, money invested, negotiable instrument, negotiable paper, obligation, pignus, secured debenture
See also: accommodation, assurance, asylum, backing, bail, binder, bond, bulwark, certainty, charge, check, cloud, confidence, contract, deposit, faith, guaranty, handsel, hostage, hypothecation, incumbrance, indemnity, instrument, inviolability, letter of credit, lien, mainstay, mortgage, pledge, precaution, preservation, protection, recognizance, refuge, reliance, safeguard, safekeeping, share, shelter, shield, specialty, stock, undertaking, ward, warrant

security

1 in connection with the granting of a loan facility, the obtaining by the lender of rights additional to those deriving from the borrower to pay the interest due and to repay the principal debt in accordance with the provisions of the loan agreement; it confers a right to look to some identified fund or property, or to some other person, for payment. Those forms of security conferring recourse to particular funds or property are MORTGAGE, STANDARD SECURITY, CHARGE, PLEDGE, HYPOTHEC and LIEN. The forms of security permitting a creditor to look to a third party for satisfaction are GUARANTEE and INDEMNITY.
2 right to security, see HUMAN RIGHTS.

SECURITY. That which renders a matter sure; an instrument which renders certain the performance of a contract. The term is also sometimes applied to designate a person who becomes the surety for another, or who engages himself for the performance of another's contract. See 3 Blackf. R. 431.

References in periodicals archive ?
When computer security is not a priority until an information leak or virus occurs, it can cause serious financial pain either through a loss of productivity or proprietary information," said Ronald I.
Established in 1974, Computer Security Institute is the leading international membership organization dedicated to serving the information security professional through a wide variety of educational programs, training and publications.
companies lost up to $59 billion in proprietary information and intellectual property from July 2000 to July 2001 caused by computer security breaches.
Kabay, "ISCA White Paper on Computer Crime Statistics," International Computer Security Association (1998), http://www.
Software applications such as Norton or McAffee anti-virus products are examples of computer security software applications.
The information it supplies is far more useful than that: a detailed look at the landscape, technologies, and strategies of computer security.
Even among firms that didn't recently experience a computer security breach, concern about the risk remains high," notes FEI president and CEO Phil Livingston.
The biological analogies of computer security may stretch even further than IBM's vision, says Stephanie Forrest of the University of New Mexico in Albuquerque.
The virus was discovered in June 1998 and is thought to have originated in Taiwan, computer security specialists said.
83% of respondents believe that computer security threats are "growing rapidly," and almost all of those polled saw protection of one's computer system from viruses and other malware as being extremely important.
Nonetheless, 70% reported serious computer security breaches other than those, including theft of proprietary information, financial fraud and sabotage of data and networks.
Computer security experts were skeptical of the hackers' claim that they had implanted such a virus.

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