Under French law, the securities themselves as legal techniques to ensure the settlement of claims in case the debtor does not possess the goods of sufficient value to pay off all creditors. They therefore constitute guarantees of payment and aim to improve the situation of the creditor.
A security can be defined as an institution or mechanism that makes sure the relationship of obligation guaranteeing its execution .
Under section 2284 of the Civil Code "ANYONE personally obligated himself is bound to fulfill his commitment on all movable and immobliliers present and future." However, the debtor may find themselves insolvent. It is therefore for the creditor to protect against the risk of insolvency of the debtor using the techniques of security.
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