security interest

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Security interest

The creditor's right to take property or a portion of property offered as security.

Security Interest

A creditor's legal right to take possession of certain property offered as security or collateral. For example, in a margin account, the brokerage making the margin loan may require its client to deposit some or all of the borrowed securities with the brokerage. The right of the brokerage to demand that is its security interest.

security interest

Rights in property, voluntarily granted by a borrower to a lender, so that the property may serve as collateral for a loan and be subject to seizure and sale in the event of default.

References in periodicals archive ?
By faithfully relying on security devices that (a) protect the network perimeter and (b) rely on signature-based technology, the hackers have now devised attacks to take advantage of this paradigm.
Instead of applying firewall rules to many devices individually, network security staff can now analyze, stage, test and provision changes automatically to a multi-vendor security device environment with the Infoblox Security Device Controller.
The security device prevents access to these points of interest by locking and securing entry into these areas.
The partnership has led to the deployment of hundreds of thousands of McAfee and MXI Security portable security devices by governments and corporations to secure and protect systems, applications and data wherever their employees travel around the world.
Significantly, the MXI Security 16GB Stealth MXP just received FIPS 140-2 Level 2 validation, Certificate number 987, making the Stealth MXP product family the first and only USB portable security devices able to protect up to 16GB of data with AES 256-bit CBC hardware encryption and strong authentication (biometric, password or both).
Wholly owned subsidiary VIASPACE Security is developing sensor data fusion technology for the Advanced Container Security Device project, under a contract award to L-3 Communications, Security and Detection Systems from the Department of Homeland Security.
InfoSecter parses configurations of security devices from Cisco (ASA, PIX, FWSM, and IOS), Juniper (Netscreen), and Checkpoint , and it models actions including basic firewall traffic filtering, AAA, IPSec, application level inspection, HTTP URL filtering, and address translation.
WASHINGTON -- MXI Security[TM], a division of Memory Experts International, today announced that its Stealth MXP[TM] Portable Security Device has been awarded the annual GCN Best of FOSE Award in the security peripherals category.
4 /PRNewswire/ -- Paralon Technologies today introduced PathKey(TM), a security device that is easily attached to computers, workstations and modems for use in serial data communications and dial-up network connections.
Requiring a state of the art container security device, rather than a simple padlock to secure expedited shipping containers, means we get safer ports and the added benefit of helping businesses move their cargo more quickly.
In standardizing AT&T voice encryption products on the Clipper chip, AT&T will include the algorithm in the Telephone Security Device as well as in the Secure Voice/Data Terminal.

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