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Yes. A very simple analogy is a bank account.
I can give you my bank details and you can send me money there and then or whenever you like. However for me to send you money I must login to my account and physically make the transaction.
Likewise I must physically have my Ledger to send funds hence where the security aspect comes from.
Edit: there is one obvious distinction here without getting overly technical. And this is an example of crypto’s sovereignty and self custody:
A bank can however freeze your account, or suspend it altogether. Or for some reason known to the bank my bank account details could change.
With your Ledger receive address however it will always belong to you, or to be more specific, it will always belong to the seed phrase it was derived from.