security

A stock certificate, bond, or evidence of secured indebtedness. Anno: 47 ALR2d 229. A share of stock. Anno: 52 ALR 1098 (term as used in a will). A stock, bond, or other contract wherein an investment is made for the purpose for securing income or profit. 47 Am J1st Secur A § 16. Any instrument issued or offered to the public by any company, evidencing or representing any right to participate or share in the profits or earnings or the distribution of assets of any business carried on for profit. People v McCalla, 63 Cal App 783, 220 P 436. An instrument issued in bearer or registered form of a type commonly dealt in upon securities exchanges or markets or is commonly recognized in any area in which it is issued or dealt in as a medium for investment; an instrument evidencing a share, participation, or other interest in property or in an enterprise or evidences an obligation of the issuer. UCC § 8-102(1)(a). Protection of citizen, resident, or transient against attack directed against his person or property. Protection of the nation against attacks from abroad and subversion from within. A mortgage, lien, encumbrance, deposit, or pledge for the payment of a debt or the performance of an obligation. In the broad sense, inclusive of "surety." 50 Am J1st Suret § 3. Security is that which makes the enforcement or promise more certain than the mere personal obligation of the debtor or promisor, whatever may be his possessions or financial standing. It may be a pledge of property, or an additional personal obligation; but it means more than the mere promise of the debtor with property liable to general execution. It is true that the greater the possessions of the promisor, the more certain the enforcement of his promise, and in a sense, the creditor is more secure; but such is not the security known and expressed in the law. First Nat. Bank v Hollingsworth, 78 Iowa 575, 43 NW 536. See realizing on security.

Ballentine's law dictionary. . 1998.

Synonyms:

Look at other dictionaries:

  • Security — is the condition of being protected against danger, loss, and criminals. In the general sense, security is a concept similar to safety. The nuance between the two is an added emphasis on being protected from dangers that originate from outside.… …   Wikipedia

  • security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …   Law dictionary

  • security — [si kyoor′ə tē] n. pl. securities [ME securite < L securitas < securus: see SECURE] 1. the state of being or feeling secure; freedom from fear, anxiety, danger, doubt, etc.; state or sense of safety or certainty 2. something that gives or… …   English World dictionary

  • Security — Se*cu ri*ty, n.; pl. {Securities}. [L. securitas: cf. F. s[ e]curit[ e]. See {Secure}, and cf. {Surety}.] 1. The condition or quality of being secure; secureness. Specifically: (a) Freedom from apprehension, anxiety, or care; confidence of power… …   The Collaborative International Dictionary of English

  • security — Something given or pledged to a person who is lending money in order to secure or guarantee payment of that debt. (Dictionary of Canadian Bankruptcy Terms) Under Title 11 U.S.C. Section 101: (49) The term security (A) includes (i) note; (ii)… …   Glossary of Bankruptcy

  • Security — Widefield, CO U.S. Census Designated Place in Colorado Population (2000): 29845 Housing Units (2000): 10177 Land area (2000): 14.522255 sq. miles (37.612466 sq. km) Water area (2000): 0.493456 sq. miles (1.278046 sq. km) Total area (2000):… …   StarDict's U.S. Gazetteer Places

  • Security, CO — Security Widefield, CO U.S. Census Designated Place in Colorado Population (2000): 29845 Housing Units (2000): 10177 Land area (2000): 14.522255 sq. miles (37.612466 sq. km) Water area (2000): 0.493456 sq. miles (1.278046 sq. km) Total area… …   StarDict's U.S. Gazetteer Places

  • security — (n.) mid 15c., condition of being secure, from L. securitas, from securus (see SECURE (Cf. secure)). Meaning freedom from care is from 1550s; that of something which secures is from 1580s; safety of a state, person, etc. is from 1941. Legal sense …   Etymology dictionary

  • security — [n1] safety, protection aegis, agreement, armament, armor, asylum, bail, bond, care, collateral, compact, contract, covenant, cover, custody, defense, earnest, freedom, guarantee, guard, immunity, insurance, pact, pawn, pledge, precaution,… …   New thesaurus

  • security — surety, guaranty, *guarantee, bond, bail Analogous words: *pledge, earnest, token …   New Dictionary of Synonyms

  • security — ► NOUN (pl. securities) 1) the state of being or feeling secure. 2) the safety of a state or organization against criminal activity such as terrorism or espionage. 3) a thing deposited or pledged as a guarantee of the fulfilment of an undertaking …   English terms dictionary

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