security interest
Definition
Enforceable claim or lien created by a security agreement, or by the operation of law, that secures the fulfillment of a pledge. A lender or obligee has a security interest in the collateral provided by a borrower or obligor to guaranty timely payment of a debt or performance of an obligation. See also perfected security interest.
security interest is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and Investing subjects.
security interest appears in the definitions of the following terms:
perfected security interest,
financing statement,
attachment,
secured party,
interest,
perfection,
lien,
mortgage clause,
mortgage,
termination statement
and
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