security interest(redirected from Security devices)
Also found in: Dictionary, Thesaurus, Legal.
Related to Security devices: Security cameras
The creditor's right to take property or a portion of property offered as security.
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.
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.