Business firms, including miners and mining companies, seek to prevent

loss in various ways. When their assets are real property, a mortgage may

provide collateral or other security for their activities. As security for a debt, a mortgage is only an effective remedy when it enables the creditor, such as a bank or other lender, to declare a default, seize the title in a foreclosure action, and then use the property to satisfy the mortgage

debt. The Latin word for security was securitas, translated as sponsor. The idea

of a mortgage lien or a security is that the property itself "sponsors" the

repayment of the debt incurred in a mortgage loan.