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 ?
In a two hour live webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the Effect of the ULC Article 9 on Secured Transactions for Enforcing Security Interests in 2015.
By Anton AndreevSchoenherr Attorneys at LawBanks in Bulgaria are seriously concerned with borrowers fraudulently manipulating their accountancy books with the effect that banks' security interests are declared invalid and banks are declassed into ordinary (unsecured) insolvency creditors.
Therefore, the proper method of perfecting a security interest in a trademark is through the filing of a UCC-1.
8) An international syndicate of banks provided the financing for the project, and--as is typical of a project-finance transaction that limits the lender's recourse to the project revenues and assets--the banks required a first-priority security interest in the project assets.
A secured party cannot, however, use the security interest to obtain access to trade secrets or confidential information.
Under the new rules, New York State law will govern the perfection, its effects -- or non-perfection - and termination of a lender's security interest.
However, software embedded in hardware is considered "goods" to which a security interest can be attached.
Bankruptcy sales also are beneficial in that they can be structured to be free and clear of all liens, claims and security interests.
must obtain a security interest (attachment) in the ABC security entitlement and then perfect that security interest against third parties.
Mirabile, the first major case on this issue, the owners of a former paint manufacturing facility sued two lenders claiming that their participation in the management of the facility had voided their security interest exemptions, making them liable for its clean-up cost under Superfund.

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