security

(redirected from Security audit)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.

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 ?
The standard operating procedure (SOP) for the foolproof security of the educational institutions issued by the Home Department was not being followed properly despite repeated security audits, the official added.
The letter asked the DEA CEOs to conduct a security audit of schools in category A.
M&C's Security Audit Service addresses many of the needs requested by our customers and business partners.
8% expect a decrease in security audit costs in 2010
It was told that panic alert system has been installed at 31 media houses after conducting the security audit of 38 media outlets while 123 security guards have been given security training in 3-day programme.
The WSAL Notifications Extensions allow WordPress administrators and owners to extend the functionality of WP Security Audit Log for a more complete WordPress monitoring and auditing solution that allows them to keep track of everything that is happening on their WordPress and WordPress multisite installations.
During its first seven years in operation, external security audits were conducted jointly by Central Office and Regional Security staff and supervisors.
The recipient will receive a license to use Security Audit Manager, implementation training and three years of service and support
Rate Contract validity may extend with mutual consent with selected IT Security Audit Agency for a period of One (1) year/validity of empanelment of selected IT Security Audit Agency by CERT - In whichever is earlier.
Police has now undertaken security audit of these private banks.
The new version of WP Security Audit Log allows WordPress Multisite super administrators to monitor all activity of all the sites on the network while administrators can monitor the activity of the site they administer on the network.
In addition, through its direct technical assistance program, NIC can send a team of consultants to a state to conduct a security audit and train key staff in the skills needed to develop and conduct these audits.

Full browser ?