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."

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.
Collins Dictionary of Law © W.J. Stewart, 2006

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
On August 23, 2017, Jahangir had questioned how the prisoner was shifted to a high security jail from a normal jail without a mandatory judicial order.
He revealed that the security arrangements provided in high security prison Mardan were included, three layers security walls around the prison, Mobile pickup for surveillance around prison, Metal road for patrolling of mobile pickup, Flood lights in sectors and on towers, Street lights both inside and outside in prison area, Electric alarmed system, Pop-up Blocker, Eleven (11) watch towers on perimeter wall, Six pickets on the RRC wall 04 on main gates, Eight (08) Pickets in Prison colony and outer gate/colony gate, Walk through gates /detectors, Steel barrier in front of outer main gate (first entrance), Guard rooms in all sectors and Barbed wire outside RRC wall.
The draft legislation, obtained by the channel, stated that holding rallies and sitins in high security areas will not be permissible and will be declared a culpable offence.
One candidate Ahmad Omid told Pajhwok Afghan News two polling sites in Firozi and Gach Star areas and some other in Dilaram and Khashrod districts were under high security threat.
The Latin American High Security Printing is the third to be held in the region, following the inaugural event in Rio de Janeiro in 2012 and its follow-up in Bogota, Colombia, last year, both of which were very successful.
High security registration plates have been made mandatory in India.
Bellingham, WA, June 04, 2013 --(PR.com)-- Global power solutions leader, Alpha Technologies, now offers the High Security HP enclosure to provide a tough and durable housing solution for critical power system components and advanced protection against criminal activity and severe weather conditions.
The BMW Group had a special presence in the ninth International Exhibition of Internal Security - Milipol Qatar 2012 through its official importer in Qatar -- Alfardan Automobiles - by displaying BMW 7 Series high security vehicles and BMW Motorrad.
"Shotts is high security for serious criminals - the wardens shouldn't be making friends with the prisoners."
As an active member of the international working party on security seals standards, TYDENBROOKS SECURITY PRODUCTS GROUP is working with customers, industry groups and end users to clarify the changes to the ISO 17712:2010 standard for High Security mechanical seals on freight containers.
(1) for 2011 concerning rebuilding and organizing the high security committee in order to develop performance and achieving more security and safety as well as implementing the plan for employing revolutionaries and its activity will be in accordance with law.
Abdulaziz bin Saqr Al-Ghamdi received here today Director of High Security Academy in Sudan Dr.