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LSDefine

Simple English definitions for legal terms

Security

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A quick definition of Security:

Security: Something that is given or promised to make sure that a promise or agreement is kept. It can also be a paper that shows ownership or a right to something, like a share or bond certificate.

A more thorough explanation:

Definition: Security can mean two things:

  1. Something valuable that is given or promised to make sure that someone will do what they said they would do. For example, if someone is released on bail, they might have to give their house as security to make sure they come back to court.
  2. A document that proves that someone has a right to own part of a company or to be paid back money that they have lent. For example, if you buy a share in a company, you get a share certificate that proves you own part of the company.

Both of these meanings of security are important for making sure that people keep their promises and that businesses are run fairly.

Examples:

  • If you borrow money from a bank to buy a car, the bank might ask you to give the car as security. This means that if you don't pay back the loan, the bank can take the car away from you.
  • If a company wants to raise money by selling shares, they will issue share certificates to the people who buy the shares. These certificates are a form of security because they prove that the shareholders have a right to a share of the company's profits.

These examples show how security can be used to make sure that people keep their promises. If you give something valuable as security, you are more likely to do what you said you would do because you don't want to lose the thing you gave as security. Similarly, if you have a document that proves you own part of a company, you are more likely to make sure the company is run well because you want to make a profit from your investment.

Securities law history | Security deposit

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General

General chat about the legal profession.
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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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