Security document
A legal document creating or recording security for a debt, such as a mortgage, debenture or charge.
Related terms
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Debenture
A document creating security for a company’s borrowing, often including fixed and floating charges over business assets.
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Secured debt
Debt backed by security over an asset, such as a mortgage over property or a charge over business assets.
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Security
An asset, charge, guarantee or other right given to support repayment of a debt and improve the creditor’s recovery position.
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