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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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11:19
I have a confession.
11:20
I am not a llama, and I am an adcommie @ The University of American Samoa Law (go LandCrabies)
12:01
I need a law school ranking based on which have reverse weave champion hoodies with the law school logo
I'm really sad it came to this.. but what are some law schools that will accept people with misconduct and irregularity of faking a transcript from lsac
I guess or from doing crimes too for that matter
yo how to delete messages
MrThickRopes
15:24
We walk in da graduation to day
MrThickRopes
15:25
That’s a lie we walk in it yesterday
MrThickRopes
15:26
Or maybe we walk in da graduation tomorrow
yeaaahhh
MrThickRopes
15:28
Yeah
MrThickRopes
15:28
Uhh
MrThickRopes
15:28
Yeah
MrThickRopes
15:28
Put dat beat on
MrThickRopes
20:27
I said PUT DA BEAT ON
20:31
mustard on da beat ho
22:14
im a slut for horse butt, #8 makes me feel great, horween makes my whore scream
22:20
catch me with this when I make partner
22:22
😍
22:24
Worth it
MrThickRopes
22:24
Uhhh
MrThickRopes
22:24
Yeaaah
MrThickRopes
22:25
Wake up in the morning gotta take a shit hop up in my lambo gotta take a shit headin to da club and i gotta take a shit poppin da champagne but i ruined it with shit
22:27
Woke up in the morning gotta thank god i dunno but today seems kinda odd no barking from the dog no smog mama cooked a breakfast with no hog i got my grub on but didn’t pig out finally got a call from a girl i wanna dig out
MrThickRopes
22:42
Wake up in the morning and i take a shit take off my pants cause they caked in shit go to da club and I’m finna get lit light up the blunt but it’s soaked in shit thrown on da curb because i took a shiiit
2:37
I fear you guys are not nearly locked-in enough
Why $0 at Harvard just to do litigation? Are you actually going to do your original plan post grad? @UncleIroh
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