securement
- noun
- /sɪˈkjʊr.mənt/
- Formal
- As a bail bondsman, Vinnie gives the court a cash bond as a securement that the accused will return for trial.
Examples
-
The bank required a securement of property to ensure the loan would be repaid.
-
The securement process was necessary to protect the lender's interests against potential loss.
-
Her securement of the contract included a stipulation for collateral in case of default.
Synonyms
A promise by someone to pay a debt if another person fails
Property given to a lender as a guarantee for a loan
Property you promise to the lender if you cannot repay a loan
Money paid in advance to a landlord or company as a promise you will keep the agreement
A legal right on property that helps a lender get paid
An item given to someone to hold until you pay back a debt
Property or money given to the lender so the loan will be repaid
Antonyms
How Secure
- Specialized
- Specialized
- Formal
- Formal
- Specialized
- Specialized
Surface Forms
Morphology
Etymology
Securement comes from secure ('safe') plus -ment (like in 'agreement'), and in law or money matters it means giving something as 'security' or a promise so a bank or lender feels safe about a loan.