Simple English definitions for legal terms
Read a random definition: superintending control
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.
Definition: Security can mean two things:
Both of these meanings of security are important for making sure that people keep their promises and that businesses are run fairly.
Examples:
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.