Security System
/ˈsɪkjʊrɪti ˈsɪstəm/
Definitions
- (n.) A legal or physical framework designed to protect assets, persons, or information from unauthorized access, harm, or loss.
The company installed a security system to prevent data breaches.
- (n.) In finance law, a collateral arrangement or set of mechanisms ensuring the fulfillment of an obligation, typically via secured interests.
The loan agreement included a security system to guarantee repayment.
Forms
- security systems
Related terms
See also
Commentary
In legal contexts, 'security system' can refer both to physical protection frameworks and to arrangements in secured transactions; clarity in contracts is essential to distinguish these senses.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.