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Security

Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914

Bouvier's Law Dictionary and Concise Encyclopedia

That which renders a matter sure; an instrument which renders certain the performance of a contract. A person who becomes the surety for another, or who engages himself for the performance of another’s contract.

See Brown v. White, 3 Blackf. (Ind.) 431.

Collateral security is security given for the payment of a debt, or the performance of some other act.