/sɪˈkjʊrəti fɔr ə loʊn/ – Phrase
Definition: việc bảo lãnh cho một khoản vay, người bảo lãnh cho một khoản vay.
A more thorough explanation: In the context of a loan, “security” refers to any asset or guarantee provided by the borrower to the lender to secure the repayment of the loan. This can include tangible assets such as property, vehicles, or equipment, as well as intangible assets like stocks or bonds. If the borrower fails to repay the loan, the lender may have the right to seize and sell the security to recover the outstanding debt.
Example: The borrower provided the lender with a security interest in the form of a mortgage on their property as collateral for the loan.