Security

Security, in legal language, means a right conferred on a creditor which makes him secure or certain to recover what is due to him. Security may be given by setting aside some part of the debtor's property to answer the creditor's claim; for the modes in which this may be done, see PAWN-BROKING and MORTGAGE. 'Securities for money' is a very wide term, including the shares, stocks, and debentures of public companies, &c. See Cavanagh's Law of Money Securities (2d ed. 1885) for a compendious account of the English law relating to the subject. And see the articles CAUTION, GUARANTY.