security interest


security interest
security interest see interest 1

Merriam-Webster’s Dictionary of Law. . 1996.

security interest
n.
An interest in real or personal property that exists because the property has been offered as security for an obligation or debt.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


security interest
A claim against property that secures a debt.
Category: Bankruptcy, Foreclosure & Debt

Nolo’s Plain-English Law Dictionary. . 2009.

security interest
USA
An interest in certain assets which secures payment or performance of an obligation. In a secured financing transaction, the borrower grants a security interest over its assets in favor of the lender to secure its payment and performance obligations to the lender.
For further information, see Practice Note, Security: Overview (www.practicallaw.com/8-381-0550).
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


security interest
n. An interest in property created by the operation of law or by agreement to repay a loan; a lien on personal property created by an agreement.
@ purchase-money security interest
Interest taken by the collateral's seller, such as an automobile. It is a purchase-money security interest, created by a bank, allowing one to pay off the cost of a car on an installment basis while enjoying its use. The bank retains the title until the full amount (along with interest) has been paid.
@

Webster's New World Law Dictionary. . 2000.

security interest
n.
   generic term for the property rights of a lender or creditor whose right to collect a debt is secured by property.
   See also: deed of trust, lien, mortgage, UCC-1

Law dictionary. . 2013.

Look at other dictionaries:

  • 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.[1] 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[1]) 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 — 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

  • 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

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