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Security |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.09 sec. |
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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. 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. |
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Currently, suicidal inmates, child molesters, gang members and inmates with extensive criminal records are often housed with low-security inmates because the county only has about 2,800 high security beds for 5,000 to 7,000 high security inmates. The company's solutions now are eligible for government contracts with high security requirements. The system is also suitable for high security applications. |
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