A form of security that ensures the repayment of a debt (or the performance of an obligation) by providing that, should the debt not be repaid, the creditor has rights to be paid, usually out of the proceeds of the sale of an asset.
Are you affected by the bushfires?
If you are in financial stress due to the bushfires, or if you are a volunteer, there are a number of support services available to assist you during this time. Free financial help is available through the National Debt Helpline on 1800 007 007. See Dealing with debt for more options.
You can also find information about emergency assistance on the Department of Human Services website Help in an emergency.