Legal Definitions - insecure

Definition: Insecure, adjective. When someone does not have confidence that they will receive payment or performance from another person in a contract.

• When John loaned his friend $100, he felt insecure about getting his money back because his friend had a history of not paying him back.
• The company felt insecure about signing a contract with the new supplier because they had never worked together before and didn't know if they could trust them to deliver on time.

These examples show how someone can feel insecure about entering into a contract or agreement because they are not sure if the other person will follow through on their promises. This lack of confidence can cause anxiety and uncertainty, making it difficult to make decisions or take action.