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SECURITY (Lat. securus, free from car...

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Originally appearing in Volume V24, Page 574 of the 1911 Encyclopedia Britannica.
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See also:

SECURITY (See also:Lat. securus, See also:free from care, safe)  , in See also:general, the See also:condition of being secure . In See also:law, a See also:security is a document evidencing the right to See also:money, goods or other See also:property, e.g. See also:stocks, shares, bills of See also:exchange, mortgages, &c . A security is termed See also:collateral when it is given merely as a See also:guarantee for the repayment of money; See also:personal, when it gives a right of See also:action against a See also:person for the recovery of money . A convertible security is one which can be readily converted into money (e.g. See also:consols), as contrasted with See also:land or buildings, sometimes termed " dead " security . A person who holds himself responsible for the fulfilment of another's obligations or goes See also:surety for him is called a security .

End of Article: SECURITY (Lat. securus, free from care, safe)
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