Hi everyone,
Have been reading about a particular business area and came across the term "securities" but had hard time grasping its meaning, pls do me a favour by explaining it to me. Pls I'm green and humbly ask to be explained to like a six year old.
Many thanks.

Like six years old? Hm...

Money. But not like the one you go to buy a chocolate and pay. You cannot pay with securities in the shop. There are people who can exchange securities for 'real' money if you give them your securities.
Securities are safely kept by trusted people. Sometimes, the longer you keep those securities and do not exchange them for banknotes, you can get more than the value on a piece of paper which says how much worth they are.
Because you are six years old, I, your father, must go with you to those people who keep your securities to exchange them for money if you need to buy a chocolate.
But, as long as I am with you, you do not need to pay for chocolate. I have one for you. Lindt chocolate.

Yes, you are right. In this regard securities are money.
If money is paid to insurance company then the story is a little different. Money paid to insurance company is paid to insure. This means, to give you in the future money if something goes wrong. This what is insured against something happening wrong can give you a hope for making good. It is basic explanation that in the event if anything what is protected by the insurance goes wrong, you can get money to stop worrying about what bad happened. In this regard you are right saying that money paid to insurance companies protect you. And this is deemed security, too.
So, you can now understand that, securities have more than one simple explanation. However, what is a common feature for these two explanations is that, securities are money. Money can give you security. And, in the case of insurance companies, protection from bad things happening, even by chance.

Thank you. Good clarification.

agreed