HomeSite MapCompareFinanceDebtCasino SecurityThe mortgage definition for Security:A piece of property designated as collateral. Similar MatchesAdditional security feeAdditional security feeAn up-front, one-off fee paid to the lender to protect against the borrower defaulting on the loan. This is usually charged on mortgages of more than 75% of the property value. Also known as Indemnity Guarantee Premium and Mortgage Indemnity Premium. Collateral securityCollateral securityAdditional security a borrower supplies to obtain a loan. Click to compare definitions of Security Click to view definitions beginning se |