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 ?
Attaining Entrust Ready status for our security devices is very important to SPYRUS," said Tom Dickens, SPYRUS Chief Operating Officer.
The US Secret Service/CERT report indicates that "75 percent of the insider (attacks) were identified through manual procedures only", meaning that no security device actually detected the attack.
A total of 1,534 householders have been given security advice, and 181 properties have been supplied and fitted with security devices.

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