security interest


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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)

References in periodicals archive ?
66) For example, the Maliki school holds that possession is not required for the creation of a valid rahn since the mere agreement of the parties to create a security interest is sufficient.
Well I would hope that even leave enthusiast such as F H Jennings will not want us to leave without adequate arrangements in place to protect our vital security interests.
In this regard, a security interest is typically created by agreement.
A trade creditor seeking to obtain an enforceable security interest in a customer's assets must satisfy the requirements specified in Article 9 of the Uniform Commercial Code (UCC).
At what point, along the continuum of transactions incorporating or featuring the right of set-off, (5) is a PPSA security interest created?
Also, the security interests securing the notes are pari passu with the security interests securing Intelsat Jackson's senior secured credit facility and 8.
Like a mortgage on a house, obtaining a security interest in patents does not necessarily mean the original patent owner gets to "take back" its patents; rather, it only means that the original owner can compel a sale of the patents in order to get paid.
An in substance security interest is 'an interest in personal property provided for by a transaction that, in substance, secures payment or performance of an obligation (without regard to the form of the transaction or the identity of the person who has title to the property).
There is no limit back ward in time of the "suspect period" (the period by reference to which certain transactions may be subject to avoidance), nor is there a so-called "hardening" period before or after which a security interest or payments made by a balance sheet insolvent debtor may be deemed valid and immune from claw-back.
New Delhi, Oct 13 (ANI): The Union Cabinet on Thursday approved introduction of the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 in the Winter Session of Parliament.
Registering your security interest on the PPSR may give you a better chance of recovering a debt if your debtor defaults.

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