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WHAT IS A SECURITY?

 

WHAT IS A SECURITY?

     It is something given, deposited, or serving as a means to ensure the fulfillment or enforcement of an obligation or of protecting some interest in property

     May  be  PERSONAL  SECURITY,  as  when  the  individual becomes a surety or a guarantor; or a PROPERTY OR REAL SECURITY,  as  when  a  mortgage,  pledge,  antichresis, charge or lien or other device used to have property held, out  of  which  the  person  to  be  made  secure  can  be compensated for loss


WHAT IS A SECURITY?

 

WHAT IS A SECURITY?

     It is something given, deposited, or serving as a means to ensure the fulfillment or enforcement of an obligation or of protecting some interest in property

     May  be  PERSONAL  SECURITY,  as  when  the  individual becomes a surety or a guarantor; or a PROPERTY OR REAL SECURITY,  as  when  a  mortgage,  pledge,  antichresis, charge or lien or other device used to have property held, out  of  which  the  person  to  be  made  secure  can  be compensated for loss


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