Security

1. Collateral.

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. Credit risk - legal and commercial risk.

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

3. Stocks, shares and similar assets.

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

Examples of traded securities include shares and bonds.

4. Safety including confidentiality.

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

5. Controls, systems and procedures.

Systems and procedures to improve safety.

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

See also