security for the loan

USAGE SUMMARY

"security for the loan" is correct and usable in written English.
You can use it when you are referring to requirements or conditions that must be fulfilled in order to receive a loan. For example, "The bank required that I provide sufficient security for the loan before they would approve my application."

✓ Grammatically correct

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

8 human-written examples

A controlling share of the company was given as security for the loan.

The New York Times

Lenders, therefore, urge borrowers to give security for the loan unless the credit standing of a specific debtor is free from any doubt.

Encyclopedia Britannica

Mortgages play an even more important role in maintaining the market in residential housing, since they permit individuals with relatively little personal credit to purchase a house by offering the house itself as security for the loan.

Encyclopedia Britannica

As well as having to pay for a valuation of your property because it is going to be used as security for the loan, there will be other fees on top of the interest on the loan itself.

The Guardian - Money

Records show that Sainsbury was given security for the loan in the form of a mortgage over the property on 14 August - 17 days after Tony Blair had made him a Minister.

The Guardian

Thus Lutnick's partnership units; as well as those belonging to many other partners; are pledged as security for the loan.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

52 human-written examples

The government has also created a privatisation fund to sell off state assets, in effect security for the loans.

The Guardian

It is possible that solidarity circles, which extend informal economic reciprocity beyond the family to the local community, were accepted as security for the microfinance loans among the poor.

BMJ Open

When securities are purchased "on margin," the buyer supplies only a percentage, or margin, of the purchase price and borrows the remainder from his broker, pledging the security as collateral for the loan.

Encyclopedia Britannica

Margin, in finance, the amount by which the value of collateral provided as security for a loan exceeds the amount of the loan.

Encyclopedia Britannica

HOLD put up the rent owed by tenants as security on the loan and hedged for fluctuations in interest rates on the loan via contracts with Lehman Brothers units in the United States and Britain.

The New York Times

Expert writing Tips

Best practice

When discussing loan agreements, clearly specify what constitutes the "security for the loan" to avoid any ambiguity. For example, state: "The property will serve as the "security for the loan".

Common error

Avoid assuming the term "security for the loan" covers all potential risks. Define explicitly which assets or guarantees are included and their limitations.

Linguistic Context

The phrase "security for the loan" functions as a prepositional phrase. It typically modifies a noun or verb, specifying the purpose or nature of the security provided in the context of a loan agreement. Ludwig AI indicates this is correct and usable in English.

Expression frequency: Uncommon

Frequent in

News & Media

35%

Encyclopedias

25%

Science

15%

Less common in

Wiki

10%

Formal & Business

10%

Reference

5%

Ludwig's WRAP-UP

In summary, "security for the loan" is a grammatically sound and professionally appropriate phrase that defines the collateral or assurance provided to a lender. As Ludwig AI confirms, its use is correct and easily understood in multiple contexts. While the phrase is not incredibly frequent, it sees common usage in News & Media, encyclopedias and Science, marking its relevance in discussing financial agreements. To ensure clarity, it's vital to precisely define what constitutes the "security for the loan" in any agreement. Remember to avoid assumptions about its scope to mitigate potential misunderstandings.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

collateral for the loan

This alternative directly specifies the asset pledged as a guarantee.

collateral securing the loan

This uses a verb to describe the action of providing collateral.

guarantee for the loan

This term emphasizes the assurance provided to the lender.

assets pledged for the loan

Specifies what is being used as security.

assurance for the loan

This focuses on the confidence the lender has in repayment.

pledge for the loan

This highlights the act of offering something as security.

reassurance for loan repayment

Focuses on the promise of repayment.

backing for the loan

This suggests support or resources behind the loan.

protection against loan default

Highlights the safeguard against non-payment.

safeguard for the loan

Focuses on the measures in place to protect the loan.

FAQs

What does "security for the loan" mean?

The phrase "security for the loan" refers to the asset or guarantee that a borrower pledges to a lender to secure a loan. If the borrower defaults, the lender can claim the security to recoup their losses.

What are common examples of "security for the loan"?

Common examples of "security for the loan" include real estate (mortgages), vehicles, stocks, bonds, or other valuable assets that can be easily converted to cash.

Is "collateral for the loan" the same as "security for the loan"?

Yes, the terms "collateral for the loan" and "security for the loan" are often used interchangeably. "Collateral for the loan" is another way to define any asset pledged as a guarantee for repayment.

What happens if I can't provide enough "security for the loan"?

If you cannot provide sufficient "security for the loan", the lender may deny your loan application, offer a loan with a higher interest rate, or require a cosigner who can provide additional "guarantee for the loan".