TeachMeFinance.com - explain Security
security -- (1) the collateral that is given, deposited, or pledged to guarantee an obligation or the payment of a debt. For example, the property on which a mortgage is issued is the security for the mortgage loan. (2) a financial instrument that provides evidence of a debt, or of rights to share in earnings or the distribution of property. Stocks and bonds are securities. (3) measures taken to protect property against theft or vandalism.
Security -- 1. Property pledged as collateral to a debt.
Security -- Something of value pledged for the performance or fulfilment of a contract, as the payment of a loan; also a name for a stock or bond.
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