valuable security

valuable security
A pledge of a valuable chattel. A document, such as a stock certificate, bond, or mortgage. Checks, notes, etc., obtained from the person executing or signing the same have been held to constitute valuable security within the meaning of statutes declaring it to be a criminal offense to "obtain any valuable security" by false pretenses. Reg v Greenhalgh (Eng) 6 Cox CC 257.

Ballentine's law dictionary. . 1998.

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