secure(redirected from collateralize)
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To assure the payment of a debt or the performance of an obligation; to provide security.
A debtor "secures" a creditor by giving him or her a lien, mortgage, or other security to be used in case the debtor fails to make payment.
secureto assure a creditor of payment, as by giving SECURITY.
TO SECURE. To protect, insure, or save a right.
2. The constitution of the United States, art. 1, s. 8, gives power to congress "to promote the progress of science and the useful arts by securing, for limited times, to authors and inventors the exclusive right to their respective writings and discoveries." The inventor of a machine has the right to it exclusively at common law, and the author a right to his manuscript. But they may abandon the, right by publishing the book without having secured a copyright, (q.v.) or by using publicly the machine, and suffering others to use it, without having obtained a patent. (q.v.) Vide Secret.