Security

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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 risk - 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 - 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 - confidentiality.

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


5. Controls - systems - procedures.

Systems and procedures to improve safety.

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


See also