security interest

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Related to fixed charge: Fixed Charge Coverage Ratio

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 ?
Graham Oldfield is now the only RICS RPR and Fellow of the Association of Property and Fixed Charge Receivers (NARA) based north of Leeds and Manchester.
Mr Titchen went on: 'The Brumark decision does not outlaw fixed charges on book debts.
During the subsequent period of 28 days, payment is accepted at the fixed charge plus 50 per cent.
The fixed charges are 60% lower than ordinary charges or 10 yen for three minutes.
For the next 12 to 24 months, Fitch projects that fixed charge coverage will approach the mid to high 2.
In the first six months of this year, some 88,000 summonses for fixed charge offences were listed in courts across the country, with a further 31,000 due to be sent to the courts by gardai.
Taking into account the effects of gains, FR's earnings covered fixed charges by higher levels.
Fitch expects fixed charge coverage for fiscal 2007 to decline somewhat.
ProLogis' interest and fixed charge coverage metrics continue to be adequate for its rating level.
The secured credit facility has a covenant package with amendments related to minimum EBITDA levels, restricted payments, and future fixed charge coverage and leverage tests.
HCP's fixed charge coverage ratio (earnings before interest, taxes depreciation and amortization less capital expenditures to interest expense plus capitalized interest expense plus preferred dividends) measured 2.
For the fiscal period, the fixed charge coverage ratio was up by 20 basis points to 1.