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.’