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of <h1>Security encompasses debt instruments, property rights, collateral mechanisms, and guarantor arrangements that ensure payment performance and creditor protection.</h1> Security refers to something that makes the enforcement of a right more certain and secure. It encompasses written instruments for debt payment, property rights that facilitate enforcement of liabilities, and collateral protection mechanisms. The term has dual meanings: protection or assurance provided to creditors, and the actual instrument providing such security. Security includes obligations, pledges, mortgages, deposits, and liens given by debtors to ensure payment performance. It may also refer to persons acting as sureties or guarantors for others' obligations, providing additional assurance beyond mere promises.
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