provision of security definition
provision of security means the establishment of a security interest in the assets of the borrower, or the reservation of a security interest in the assets of the borrower, including the right of lien and retention. Those that are established automatically based on other laws and regulations are excluded. Acquisition funds for borrowings for the purpose of asset acquisition (including borrowings related to refinancing thereof) When providing assets as collateral When acquiring new assets on which a security interest has been established (due to merger, company split or business transfer)