an asset or assets to which a lender can have recourse if the borrower default s on the loan repayments. In the case of loans by banks and other money-lenders the security is sometimes referred to as collateral.
SECURITY
Meaning of SECURITY in English
Sean Woo's Finance, GIS and real estate English glossary. Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance. 2012