A debtor „secures“ a creditor by giving him a lien, mortgage or other security that can be used in the event that the debtor does not make the payment. Protection; Insurance; Compensation. The term is generally applied to an obligation, lien, mortgage, deposit, lien, etc. granted by a debtor to ensure the payment or settlement of its debt by providing the creditor with a resource that can be used in the event of non-performance of the principal obligation. The name is sometimes also given to someone who becomes guarantor or guarantor of another. (2) Evidence of guilt that is binding on the person of the debtor, and not real property, is distinguished from land privileges by the name „personal titles“. Merrill v. National Bank, 173 U. S. 131, 19 Sup. Ct. 360, 43 L. ed.
640. Bonds, debt instruments, promissory notes and other negotiable or transferable instruments that prove the public debt of a state or government! Real security. Securing mortgages or other liens or encumbrances on land. Security for cost. See Costs. Safety for good behavior. The undertaking or recognition that the judge requires of a defendant who has been brought before him for disorderly conduct or threat of violence is subject to the condition that he behaves well towards all persons in general and the complainant in particular for a certain period of time or that he maintains the peace. Securius expediuntur negotia com missa pluribus, et plus vident oculi quam oculus.
4 Cola, 46a. Materials entrusted to many are shipped more securely, and the eyes see more than the eye, [i.e., „two heads are better than one.“] Nglish: Secure translation for Spanish speakers „secure“. Merriam-Webster.com Legal Dictionary, Merriam-Webster, www.merriam-webster.com/legal/secured. Retrieved 11 October 2022. To protect, ensure or safeguard a right. 2. The Constitution of the United States, art. 1, p. 8, gives Congress the power to „promote the progress of science and the useful arts by ensuring to authors and inventors for a limited period of time the exclusive right to their respective writings and discoveries.“ The inventor of a machine is entitled to it exclusively under the common law, and the author is entitled to his manuscript.
But they can give up the right by publishing the book without having obtained a copyright (see also) or by using the machine publicly and inducing others to use it without having received a patent. (n.a.) Secret void. Powered by Black`s Law Dictionary, Free 2nd ed. and The Law Dictionary. Source: Merriam-Webster`s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Released under license with Merriam-Webster, Incorporated. SECURITY. Which makes one thing certain; an instrument that secures the execution of an order. The term is also sometimes used to refer to a person who becomes a guarantor of another person or who engages in the performance of someone else`s contract. See 3 Blackf.
R. 431 Ensure security; to ensure payment, performance or remuneration; guarantee or ensure the payment of a debt or the performance of an obligation. One „heals“ one`s creditor by giving him a lien, mortgage, lien or other security that can be used in the event that the debtor does not make the payment. See Pennell v. Bhodes, 9 Q.B. 114; Ex parte Beynolds, 52 Ark. 330. 12 pp. W. 570; Foot vs. Webb. 59 Barb.
(N. Y.) 52. The term security right normally applies to a deposit, lien or hypothec that a debtor voluntarily grants to a creditor in order to secure the payment of a debt. The security right provides the creditor with a resource to sell or possess in the event of a breach by the debtor of its financial obligations. In addition, a person who becomes a guarantee for another person is sometimes called „security“. Ensure the payment of a debt or the performance of an obligation; to ensure safety.