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SECURE Definition & Legal Meaning

Definition & Citations:

To give security; to assure of payment, performance, or indemnity; to guaranty or make certain the payment of a debt or discharge of an obligation. One “se- cures” his creditor by giving him a lien, mortgage, pledge, or other security, to be used in case the debtor fails to make payment. See Pennell v. Bhodes, 9 Q. B. 114; Ex parte Beynolds, 52 Ark. 330. 12 S. W. 570; Foot v. Webb. 59 Barb. (N. Y.) 52.

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