Security

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