Security: Difference between revisions

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imported>Doug Williamson
(Add Definition 2 relating to forms of credit risk security other than the pledging of assets, and consequential changes to numbering other definitions.)
imported>Doug Williamson
(Change spelling to 'tradeable'.)
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3.  
3.  


A tradable legal claim upon the assets of the issuer of the security.   
A tradeable legal claim upon the assets of the issuer of the security.   


Examples of traded securities include shares and bonds.
Examples of traded securities include shares and bonds.

Revision as of 22:13, 24 March 2015

1.

Assets pledged by a borrower, as additional protection for the lender's interest.

For example a residential mortgage loan, for which the security is the residential property mortgaged to the lender.


2.

Other improvements to the legal or commercial position of a lender or another party, particularly in relation to credit risk.


3.

A tradeable legal claim upon the assets of the issuer of the security.

Examples of traded securities include shares and bonds.


4.

Safety, including both physical safety and - for example - the confidentiality of information.


5.

Systems and procedures to improve safety.

Including for example both physical access controls and electronic controls such as encryption and passwords.


See also

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