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Từ vựng:

principal security

Giải nghĩa:

/ˈprɪnsəpəl sɪˈkjʊrəti/ – Phrase


Definition: sự đảm bảo chính.

A more thorough explanation: Principal security refers to the primary asset or property that is pledged as collateral to secure a loan or other financial obligation. In the event of default, the lender has the right to seize and sell the principal security to recover the amount owed.

Example: The principal security for the loan was the borrower’s residential property.

 

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