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Security |
Also found in: Dictionary/thesaurus, Financial, Acronyms, Idioms, Encyclopedia, Wikipedia, Hutchinson | 0.04 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Secundum naturam est Secure Secured Creditor secured transaction Secured Transactions Securities Securities and Exchange Commission Security Security Deposit Security deposit, failure to return Security for costs security interest Securius expediuntur negotia commissa pluribus Secus Sedition |
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