/əˈrɪdʒənl sɪˈkjʊrəti/ – Phrase
Definition: sự đảm bảo ban đầu.
A more thorough explanation: “Original security” refers to the initial collateral or asset provided by a borrower to secure a loan or credit facility. This collateral is typically used to protect the lender in case the borrower defaults on the loan.
Example: The original security agreement was signed by both parties and outlined the terms and conditions for the collateral provided.