"Security" means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect.
A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.
抵押给予债权人临时的、有条件的财产抵押，以此作为履行责任或偿还债务的保证。
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In the case that debtor cannot fulfill its obligation when the performance period expires, the pledgee has the right to be entitled to realize its equity pledge by paying the creditor firstly.