the action of obligating oneself to a course of action
0 obligation02br 001: the action of obligating oneself to a course of action (as by a promise or vow) 2 a: something (as a formal contract, a promise, or the demands of conscience or custom) that obligates one to a course of action 01b00b: a debt security (as a mortgage or corporate bond)02b00 01b00c: a commitment (as by a government) to pay a particular sum of money;02b00 also: an amount owed under such an obligation <unable to meet its obligations, the company went into bankruptcy> 3 a: a condition or feeling of being obligated b: a debt of gratitude 4: something one is bound to do: duty, responsibility02br 00[M-W's Col. Dic.]02br 02br 00I couldn't understand the bold parts.02br 02br 00redeem02br 001 a: to buy back: repurchase b: to get or win back 2: to free from what distresses or harms: as a: to free from captivity by payment of ransom b: to extricate from or help to overcome something detrimental c: to release from blame or debt: clear d: to free from the consequences of sin 3: to change for the better: reform 4: repair, restore 01b005 a: to free from a lien by payment of an amount secured thereby02b00 b (1): to remove the obligation of by payment <the United States Treasury redeems savings bonds on demand> (2): to exchange for something of value <redeem trading stamps> c: to make good: fulfill6 a: to atone for : expiate <redeem an error> b (1): to offset the bad effect of (2): to make worthwhile: retrieve02br 00[M-W's Col. Dic.]02br 02br 00What does 01i00secured thereby02i00 mean? 0-
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02br 02br 00 «a: to free from a lien by payment of an amount secured thereby»02br 00 Now that you know the meaning of "secured", what's not clear? Thereby = there by = by the lien 0-
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0 First, try looking up the words "security" and "secure" — they have special financial/legal meanings.02br 02br 00 «a commitment (as by a government) to pay a particular sum of money»02br 00 What troubles you here?02br 02br 00 «a: to free from a lien by payment of an amount secured thereby»02br 00 Now that you know the meaning
0You and I make a bet on the election. You win, but I don't have any money. I still have an 01i01u00obligation02u02i00 to pay you. You agree to accept my I.O.U. I write "IOU $100" on a piece of paper and sign my name to it. You could say that's like a 01i01u00bond02u02i00 certificate. (You could probably sell it to
01cite10Avangi12cite10You and I make a bet on the election. You win, but I don't have any money. I still have an 11i11u10obligation12u12i10 to pay you. You agree to accept my I.O.U. I write "IOU $100" on a piece of paper and sign my name to it. You could say that's like a 11i11u10bond
0Thanks for the kind words, Jackson,02br 02br 01i00Security02i00 in this sense is an uncountable. In the countable sense, 01i01b00a02b00 bond02i00 world be 01i01b00a02b00 security02i00. Its a piece of paper which represents an obligation, and it may be bought and sold. 0
0Okay, I get it now. Avangi, May I ask you another question?05000 Why is it an uncountable noun?02br 02br 00What does 01i00a bond world be a security02i00 mean? 010id10
0Hi Jackson,02br 02br 00Security in the most common, general sense, is an uncountable. it's the "stuff" that makes you safe and protected. It's the condition of being secure.02br 02br 01i00When I go away for a week, I worry about my family's security. Will they be safe?02i02br 02br 01i00Make sure you tie the rob