Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

security definition

What does security mean? In legal practice, security means money or other assets provided as a guarantee that a legal obligation will be performed, with forfeiture if it is not. In criminal proceedings, it most often refers to a cash deposit or equivalent required as a condition of bail to secure a defendant’s attendance at court and compliance with bail; failure to surrender may lead to forfeiture. The concept and procedures are set by bail legislation and court rules in each jurisdiction. Practice varies: in England & Wales and Northern Ireland, courts commonly take recognisances, with or without sureties, and may require a...

Security over Land, Moveables, Contractual Rights and Shares in Scotland: Fixed Security, Floating Charges and the Moveable Transactions (Scotland) Act 2023

Published by a LexisNexis Banking & Finance expert

Practice notes

Types of security

Under Scots law, the range of security interests is narrower than those available in English law. The form of protection depends on the particular class of asset being charged. This Practice Note reviews the securities obtainable over particular asset types before addressing the Floating charge, a form of security that may be created by Scottish companies or Limited Liability partnerships.

Fixed security

Land and buildings

The recognised fixed security over real estate assets in Scotland, available to both individuals and companies, is the Standard security. A standard security may be granted over an interest in land that is recorded or registered in the General Register of Sasines or the Land Register of Scotland. Note the General Register of Sasines ceased to accept, among other matters, recording of new standard securities from 1 April 2016. From that day, a borrower granting security over a property appearing in the General Register of Sasines must first seek voluntary registration of their title in the Land Register of Scotland before the standard security can be registered. These arrangements depend on whether the property is recorded, or registered at the time the charge is to be created. A standard security is a...

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Web page updated on 21/05/2026

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