Real Security Law and Legal Definition

Real security refers to a security in property rather than in the undertaking of a surety or guarantor. Corporate mortgages are as completely a real security as the mortgage of an individual. The term real security was incorporated in U.S. legislation as early as 1824, P. L. 194. [Benade's Estate, 1942 Pa. Dist. & Cnty. Dec. LEXIS 394 (Pa. C.P. 1942)].