security

Financial Terms Canada -> security

• a guarantee that an obligation will be met
• defense against financial failure; financial independence; "his pension gave him security in his old age"; "insurance provided protection against loss of wages due to illness"
• property that your creditor can claim in case you default on your obligation; "bankers are reluctant to lend without good security"
• a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends; "he held several valuable securities"

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