单词 | security |
释义 | security security in connection with the granting of a loan facility, the obtain- ing by the lender of rights additional to those deriving from the bor- rower to pay the interest due and to repay the principal debt in accordance with the provisions of the loan agreement; it confers a right to look to some identified fund or property, or to some other person, for payment. Those forms of security conferring recourse to particular funds or property are MORTGAGE, CHARGE, PLEDGE, HYPOTHEC and LIEN. The forms of security permitting a creditor to look to a third party for satisfaction are GUARANTEE and INDEMNITY. See STANDARD SECURITY. |
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