security
security
Something given or pledged to a person who is lending money in order to secure or guarantee payment of that debt. (Dictionary of Canadian Bankruptcy Terms)

Under Title 11 U.S.C. Section 101:
(49) The term "security"—
(A) includes—
(i) note;
(ii) stock;
(iii) treasury stock;
(iv) bond;
(v) debenture;
(vi) collateral trust certificate;
(vii) pre-organization certificate or subscription;
(viii) transferable share;
(ix) voting-trust certificate;
(x) certificate of deposit;
(xi) certificate of deposit for security;
(xii) investment contract or certificate of interest or participation in a profit-sharing agreement or in an oil, gas, or mineral royalty or lease, if such contract or interest is required to be the subject of a registration statement filed with the Securities and Exchange Commission under the provisions of the Securities Act of 1933, or is exempt under section 3(b) of such Act from the requirement to file such a statement;
(xiii) interest of a limited partner in a limited partnership;
(xiv) other claim or interest commonly known as "security"; and
(xv) certificate of interest or participation in, temporary or interim certificate for, receipt for, or warrant or right to subscribe to or purchase or sell, a security; but
(B) does not include—
(i) currency, check, draft, bill of exchange, or bank letter of credit;
(ii) leverage transaction, as defined in section 761 of this title;
(iii) commodity futures contract or forward contract;
(iv) option, warrant, or right to subscribe to or purchase or sell a commodity futures contract;
(v) option to purchase or sell a commodity;
(vi) contract or certificate of a kind specified in subparagraph (A)(xii) of this paragraph that is not required to be the subject of a registration statement filed with the Securities and Exchange Commission and is not exempt under section 3(b) of the Securities Act of 1933 from the requirement to file such a statement; or
(vii) debt or evidence of indebtedness for goods sold and delivered or services rendered.

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Synonyms:

Look at other dictionaries:

  • Security — is the condition of being protected against danger, loss, and criminals. In the general sense, security is a concept similar to safety. The nuance between the two is an added emphasis on being protected from dangers that originate from outside.… …   Wikipedia

  • security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …   Law dictionary

  • security — [si kyoor′ə tē] n. pl. securities [ME securite < L securitas < securus: see SECURE] 1. the state of being or feeling secure; freedom from fear, anxiety, danger, doubt, etc.; state or sense of safety or certainty 2. something that gives or… …   English World dictionary

  • Security — Se*cu ri*ty, n.; pl. {Securities}. [L. securitas: cf. F. s[ e]curit[ e]. See {Secure}, and cf. {Surety}.] 1. The condition or quality of being secure; secureness. Specifically: (a) Freedom from apprehension, anxiety, or care; confidence of power… …   The Collaborative International Dictionary of English

  • Security — Widefield, CO U.S. Census Designated Place in Colorado Population (2000): 29845 Housing Units (2000): 10177 Land area (2000): 14.522255 sq. miles (37.612466 sq. km) Water area (2000): 0.493456 sq. miles (1.278046 sq. km) Total area (2000):… …   StarDict's U.S. Gazetteer Places

  • security — (n.) mid 15c., condition of being secure, from L. securitas, from securus (see SECURE (Cf. secure)). Meaning freedom from care is from 1550s; that of something which secures is from 1580s; safety of a state, person, etc. is from 1941. Legal sense …   Etymology dictionary

  • security — [n1] safety, protection aegis, agreement, armament, armor, asylum, bail, bond, care, collateral, compact, contract, covenant, cover, custody, defense, earnest, freedom, guarantee, guard, immunity, insurance, pact, pawn, pledge, precaution,… …   New thesaurus

  • security — surety, guaranty, *guarantee, bond, bail Analogous words: *pledge, earnest, token …   New Dictionary of Synonyms

  • security — ► NOUN (pl. securities) 1) the state of being or feeling secure. 2) the safety of a state or organization against criminal activity such as terrorism or espionage. 3) a thing deposited or pledged as a guarantee of the fulfilment of an undertaking …   English terms dictionary

  • Security — Piece of paper that proves ownership of stocks, bonds and other investments. The New York Times Financial Glossary * * * security se‧cu‧ri‧ty [sɪˈkjʊərti ǁ ˈkjʊr ] noun securities PLURALFORM 1. [uncountable] actions to keep someone or something… …   Financial and business terms

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