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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
Under the proposed rules, 'a security interest shall be created by either a security agreement, the sale of an account receivable, or the lease of an operating lease for not less than one year.'
This new law has simplified the process as security interest may be perfected by registration of a notice with the Registry, possession of the collateral by the secured creditor or by control of investment property and deposit account.
According to UCC Section 1-201(37), a security interest includes a consignment subject to UCC Article 9.
Does it mean that one principally involved in "the enforcement of security interests" is not a debt collector (except "[f]or the purpose of section 1692f(6)")?
He wrote that "even if nonjudicial foreclosure were not a direct attempt to collect a debt, because it aims to collect on a consumer's obligation by way of enforcing a security interest, it would be an indirect attempt to collect a debt."
In a scathing remark, Jaitley also commented that those who created and manufactured this falsehood have all hurt India's larger security interest in the country.
The ratings have been capped at 'Asf' and upgrades are unlikely due to upsize provisions, the structure of the security interest in the collateral, specialized nature of the collateral, and the potential for changes in technology to affect long-term demand for wireless tower space.
ISLAMABAD -- Adviser on Finance Miftah Ismail has said that Pakistan will not compromise on its security interests even if the United States (US) cancels all its aid to the country.
The CSA is supplemental to the Master Agreement and does not create a security interest in the collateral, but rather places an obligation on the collateral provider (known as a "Transferor" under the CSA) to transfer the relevant collateral to the counterparty to the transaction (known as a "Transferee").
After 44 years of EU membership our security interest as much as trade has become inextricably intertwined.
Also, the court of arbitration confirmed that CGI Nordic has the right to obtain title to the minority shares provided that it grants a security interest for the payment of the redemption price and any interest accruing thereon.

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