TO SECURE. To protect, secure or save a right. 2. Article 1, p. 8, of the United States Constitution gives Congress the power to “promote the advancement of science and useful arts by guaranteeing to authors and inventors, for a limited period, exclusive right to their respective writings and discoveries”. The inventor of a machine is entitled to it exclusively under the common law, the author a right in his manuscript. But they can waive the right by publishing the book without having obtained a copyright, or by using the machine publicly and tolerating others using it without having obtained a patent. (S. A.) Secret vacuum. A debtor “secures” a creditor by giving the creditor a lien, mortgage or other security that is used in the event that the debtor fails to make payment. Nglish: Translation of Secured for Spanish Speaking “Secured.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, www.merriam-webster.com/legal/secured.
Retrieved 11 October 2022. Search the Legal Abbreviations and Acronyms Dictionary for acronyms and/or abbreviations that contain Secure. The term security is generally applied to a deposit, lien or hypothec voluntarily given by a debtor to a creditor to secure payment of a debt. The security right provides the creditor with a resource that can be sold or possessed in the event that the debtor fails to meet its financial obligations. In addition, a person who becomes the guarantor of another person is sometimes called a “security”. Search or search for Secure in the American Encyclopedia of Law, Asian Encyclopedia of Law, European Encyclopedia of Law, UK Encyclopedia of Law, or Latin American and Spanish Encyclopedia of Law. You might be interested in the historical significance of this term. Search or search for Secure in Historical Law in the Encyclopedia of Law. Source: Merriam-Webster`s Dictionary of Law ©, 1996. Licensed with Merriam-Webster, Incorporated.
To ensure the payment of a debt or the performance of an obligation; to ensure safety. SECURITY. Which makes one thing certain; an instrument that ensures the performance of a contract. The term is also sometimes used to refer to a person who becomes guarantor for another or who undertakes to perform someone else`s contract. See 3 Blackf. No. 431. To ensure safety; to ensure payment, performance or remuneration; guarantee or ensure the payment of a debt or the performance of an obligation. The creditor is “guaranteed” by giving him a lien, mortgage, pledge or other security that is used in case the debtor does not pay. See Pennell v.
Bhodes, 9 Q. B. 114; Ex parte Beynolds, 52 Ark. 330. 12 pp. W. 570; Foot v. Webb. 59 Beard.
(N.Y.) 52. Support, writ of, civil surety, collateral hypothec, concert, debenture, equitable mortgage, incorporation, indemnification, investment, involuntary payment, quasi-rem judgment, kidnapping, lobbying, major litigation, malicious abuse of process, marina, marshing, mechanical lien, mesne litigation, monopoly, mortgage, planning, recognition, mandate, secured portion, security, spendthrift trust, securities dealer, trade name, tribute. Unterstützt von Black`s Law Dictionary, 2nd ed. libre, und The Law Dictionary.