securitization

noun

1. (countable, uncountable)The fact or process of securitizing assets; the conversion of loans into securities, usually in order to sell them on to other investors.

   “Securitization became a fee-based business. […] The logic of private-label securitization was mass production, and new mortgages had to be fed into this machine constantly to sustain it.”

2. (countable, uncountable)The act of convincing a relevant audience to treat a topic as a matter of security (regardless of whether it constitutes an actual threat), thus justifying the use of extraordinary measures.

   “2004, Kristof Tamas, Mapping Study on International Migration, Inst for Future Studies The negative side-effects of securitization of migration have, however, become exacerbated as many Muslims in the U.S. and elsewhere have experienced heightened scrutiny and disbelief while travelling and in everyday life.”

   “The strength of the belief generated what Buzan terms a securitization effect , whereby irrespective of whether or not a material threat exists, something is constructed as a threat, with this understanding being accepted by a wide and/or specifically relevant audience.”

   “The emphasis on the securitization of immigration actually began before September 11 and has resulted in policy change towards criminalizing undocumented immigrants in both the United States and Europe.”

   “Thus, securitization is the process where issues turn into matters of security through political intervention; these 'security matters' are then taken outside the boundaries of normal politics and the mainstream 'rules of the game' and are subsequently treated as special kinds of politics or beyond politics, therefore potentially justifying actions that fall out of the ordinary political procedures (Buzan et al. 1998: 23-24).”

   “[…] although the securitization of migration can be observed in both Canada and France, […]”