Definition of on security of something in English:
on security of something
phrase
Using something as a guarantee.
‘strict conditions attached to loans made on security of goods remaining the property of the borrowers’- ‘They could lend on security of shares and stocks held by jobbers to allow them to settle differences at the fortnightly settlements.’
- ‘Their money has gone to a particular borrower, on security of a particular property, with a particular mortgage.’
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