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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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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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