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SECURITY ( See also: law, a 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
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A security is termed collateral when it is given merely as a 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
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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
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A person who holds himself responsible for the fulfilment of another's obligations or goes See also: surety for him is called a security
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