security interest

security interest
security interest
A lien created by an agreement (

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 101:
(51) The term "security interest" means lien created by an agreement.

United Glossary of Bankruptcy Terms 2012.

security interest
A lien on personal property obtained by consent. Security interest is often used to describe any lien on property.

US Bankruptcy 2012.

Glossary of Bankruptcy.

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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 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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