Security
An asset, charge, guarantee or other right given to support repayment of a debt and improve the creditor’s recovery position.
Related terms
-
Security interest
A legal right over an asset granted to secure payment or performance of an obligation.
-
Secured lending
Lending supported by security over assets, giving the lender additional recovery rights if the borrower defaults.
-
Security document
A legal document creating or recording security for a debt, such as a mortgage, debenture or charge.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help