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security interest |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.03 sec. |
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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: mortgage, deed of trust, UCC-1, lien) |
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? References in periodicals archive |
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A cooperative organization security interest becomes perfected when the cooperative interest first comes into existence, and remains perfected as long as the cooperative interest exists. Home to strategic military bases and possessing the largest NATO army after the United States, Turkey proposed a solution, according to the foreign minister, under which the non-EU members' right to participation would be limited to cases of vital security interest or geographic proximity. Readers who use e-commerce, who have made investments in dot-coms and take a security interest in property to guarantee payment would be well advised to consult their legal counsel. |
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security interest