Security

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..... enforcement of a right more secure or certain. A security on property is where a right over a property exists by virtue of which enforcement or liability or promise is facilitated or made more certain. The term security has no exactly defined legal definition. Generically the words has reference to written instruments, usually for the payment be money or evidences of a debt and being more than a .....

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..... urety or sureties." BLACK'S Law Dictionary, 6th Edn. defines security as Protection; assurance; indemnification. The term is usually applied to an obligation, pledge, mortgage, deposit, lien, etc. given by a debtor in order to assure the payment or performance of his debt, by furnishing the creditor with a resource to be used in case of failure in the principal obligation. Collateral g .....

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