A lenders right to repossess property which was offered as security.

Any interest in property acquired by contract for the purpose of securing payment or performance of an obligation.

Form of interest in property that provides that the property may be sold on default in order to satisfy the obligation for which the security interest is given.

a way of ensuring payment by using personal property as a security.Basically, it gives a creditor the right to take part of a property or all the property as security.

The interest of the creditor (secured party).

any interest in a property that secures the payment of an obligation

a consensual and contractual lien against personal property (as opposed to real estate) of the debtor used to secure repayment of a debt

a contractual interest in property for the purpose of securing payment or performance of an obligation

an agreement in which you specify precisely what collateral (remember, that's a fancy word for property) can be taken by the creditor if you default

an interest in land and has effect as security

an interest in personal property or fixtures that secures payment or When a default occurs the secured party may rely upon the collateral Secured Debt

an interest to secure payment or other obligation

a priority claim on property, such as a mortgage on real property

a type of lien taken by a creditor in personal property of a debtor

A creditor that holds a perfected right or lien in an individual or company's existing assets either in part or entirety.

creditor that holds a lien in a client's assets.

An interest in, or lien upon, collateral which secures payment or performance of an obligation. The term includes the interest of a factor who purchases accounts receivable.

An ownership interest in real estate in which individual(s) are only on title to help an assessee qualify for a loan. The individual(s) do not have beneficial use of or equity interest in the property.

A claim against property that is held to make sure money is paid or that something is done; includes mortgages, liens, etc.

An interest in collateral which provides that the collateral may be taken and sold in order to satisfy a debt if a debtor defaults. See also lien.

Security interest is the lenders right to be able to take the property that the borrower offered as security.

If stated in your lease agreement, a lessor's legal right to your property (such as stocks or bonds) that secures payment of your obligation under the lease agreement.

Legal interest of one person in the property of another to assure performance of a second person under a contract.

A bank's lien. (see lien definition above).

An interest that a lender takes in the borrower's property to assure repayment of a debt.

An interest in property, other than real estate, which is given as security for a debt or other obligation. A security interest is created by execution of a security agreement and one or more financing statements under the Uniform Commercial Code.

An interest that a lender takes in the borrower's property to ensure repayment of the debt.

Interest in personal property that secures payment or performance of an obligation. A security interest gives the secured party rights in the collateral - eg, to seize it if the debtor defaults, to restrict the debtor from selling it.

The interest a creditor has in the personal property of a debtor. It has replaced the chattel mortgage and the pledge.

A lien on the property in the possession of the debtor that acts as security for the debt owed to the creditor.

The creditor's right to take property back that was offered as security or collateral.

Legal term for the claim the lender has against the borrower's property which has been pledged under a loan.

Any interest in property which secures payment or performance of an obligation, frequently called a "lien" in real estate transactions.

An interest in personal property or fixtures which secures payment or performance of an obligation.

The interest of a creditor in the security collateralizing an investment.

The creditor's ability to take property offered as security.

The creditor's right to take property or a portion of property offered as security.

An interest in property that secures performance of a credit obligation.

An interest that a lender takes in the borrowers property to ensure repayment of a debt.

The lien held by the financial institution on the vehicle being financed until all payments have been made.

An interest in property that is acquired for purpose of securing payment of a lease obligation. A security interest allows the holder of the security interest to obtain the property in the event of default and gives the holder additional rights in the event of bankruptcy.

Return To Glossary Index The interest a lender takes in the borrower's property to assure repayment of the debt. See Mortgage and Deed of Trust above.

Security Interest” is the type of interest a lender has in the property of the borrower. The borrower's property is set aside so that the lender can sell it if the borrower defaults on the loan. A mortgage and deed of trust are security instruments.

Interest in real estate in which the real estate serves as collateral.

A lien created by an agreement

A term designating the interest of the creditor in the property of the debtor in all types of credit transactions. It thus replaces such terms as the following; Chattel mortgage; pledge; trust receipt; chattel trust; equipment trust; conditional sale; inventory sale; inventory lien;, etc.

An interest in personal property or fixtures, obtained to ensure payment owed as performance of an obligation.

The legal right or share that the mortgage lender holds to the property.

The creditor's interest in the property of the debtor in all types of credit transactions.

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 but not always the payment of a debt) which gives the beneficiary of the security interest certain preferential rights in relation to the assets. The rights vary according to the type of security interest, but in most cases (and in most countries) the main rights and purpose of the security interest is to allow the holder to seize, and usually sell, the property to discharge the debt that the security interest secures.