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security noun ( FINANCE )
/sɪˈkjʊə.rɪ.ti/
/-ˈkjʊr.ə.t ̬i/ n Definition
[U] property or goods that you promise to give to someone if you cannot pay them what you owe them
She used her shares in the company as security against a £23 million bank loan.
The hotel held onto our baggage as security while we went to the bank to get money to pay the bill.
securities specialized
investment in a company or in government debt which can be traded on the financial markets and which produces an income for the investor (= someone giving money hoping to get more back)
(Definition of security noun (FINANCE) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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