- An interest in personal property or fixtures which secures payment or performance of an obligation. 15 Am J2d Com C § 7. In the broad sense, an interest in security of any form.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
security interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. security interest … Law dictionary
security interest — Interest in property obtained pursuant to security agreement. In re Wilson, Bkrtcy.Pa., 25 B.R. 61, 63. A form of interest in property which provides that the property may be sold on default in order to satisfy the obligation for which the… … Black's law dictionary
security interest — A lien created by an agreement (SA Bankruptcy.com) A lien on personal property obtained by consent. Security interest is often used to describe any lien on property. (Bernstein s Dictionary of Bankruptcy Terminology) Under Title 11 U.S.C. Section … Glossary of Bankruptcy
Security interest — A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt. It gives the beneficiary of the security interest certain… … Wikipedia
Security Interest — A legal claim on collateral that has been pledged, usually to obtain a loan. The borrower provides the lender with a security interest on certain securities/assets which can be repossessed in the event that timely obligation payments are not met … Investment dictionary
Security interest — Sûreté réelle En droit, une sûreté réelle (security interest ou collateral en anglais) est une garantie offrant à un créancier un droit sur un bien immobilier qui lui permet d obtenir paiement de sa créance en cas de défaillance du débiteur.… … Wikipédia en Français
security interest — Term used to describe an interest in personal property ( collateral) owned by a debtor. American Banker Glossary The creditor s right to take property or a portion of property offered as security. Bloomberg Financial Dictionary … Financial and business terms
security interest — noun any interest in a property that secures the payment of an obligation • Hypernyms: ↑interest, ↑stake • Hyponyms: ↑pledge, ↑mortgage, ↑conditional sale, ↑collateral, ↑lien … Useful english dictionary
security interest — noun Date: 1951 the rights that a creditor has in the personal property of a debtor that secures an obligation ; lien … New Collegiate Dictionary
security interest — noun The right of a lender to take possession of collateral offered to secure the loan … Wiktionary