If the money value of the property mortgaged or used as security for other kinds of obligations exceeds the amount of loans secured, the surplus shall go to the bankrupt property for debt repayment.

抵押物或者其他担保物的价款超过其所担保的债务数额的，超过部分属于破产还债的财产。

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Do not take a pair of millstones — not even the upper one — as security for a debt, because that would be taking a man's livelihood as security.

不可拿人的全盘磨石或是上磨石作当头，因为这是拿人的命作当头。

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If a secured creditor surrenders his security to the official receiver or trustee for the general benefit of the creditors he may prove for his whole debt.

任何有抵押债权人如为债权人的一般利益而向破产管理署署长或受托人交出其抵押品，则可就其全部债权提出债权证明。

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Using an ERP, the owner remains on title to the real estate or business, whilst a third party depletes its value, typically through a bogus mortgage or some other arrangement whereby the asset is used as collateral or security for a debt.

FORBES: Magazine Article

It would ensure that there would be in place an orderly procedure for preventing default on the national debt and Social Security if the government reaches the debt ceiling and is precluded from borrowing more money for a while.

FORBES: It's Time For The Republicans To Play Budgetary Small Ball

But Messrs Feldstein and Samwick also assume that the Social Security trust fund will be allowed to go into debt for about 20 of the next 75 years.

ECONOMIST: Social Security reform: The battle of the boffins | The