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 ?
87) Second, it presents a risk that future assets will not be subject to the security interest if the debtor defaults before the security documents are updated.
Pursuant to the Act, a security interest in artwork will attach once
As the UCC is a "notice filing" system, the filing of a UCC financing statement is only intended to provide notice that a person may have a security interest in the specified collateral.
Bo's set-off right can be conceptualized as an "entitlement to pay with Bo's property" as opposed to an "entitlement to seize and liquidate Al's property " (18) In this sense, the right of set-off is distinguishable from a scenario in which Al specifically grants Bo a security interest in Al's property to secure repayment of Al's indebtedness to Bo.
Once the buyer has agreed in principle to grant a security interest in the patents being sold, it is critical for the seller to ensure that it properly perfects its security interest.
Because a transfer of an account is also a security interest for PPSA purposes, Part III considers the PPSA's formal requirements relating to transfers of accounts in order to render them, in addition, fully effective security interests for PPSA purposes.
Therefore, in such cases the insolvency administrator of a judicially insolvent debtor may claim repayment or request invalidation of security interests.
The Bill seeks to amend the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act and Recovery of Debts due to Banks and Financial Institutions (RDBF) Act so as to strengthen the regulatory and institutional framework related to recovery of debts due to banks and financial institutions through the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011.
Thus, the proper perfection of a security interest in IP depends on whether federal law preempts the UCC requirements.
Harris and Mooney present readers with the sixth edition of their comprehensive examination of the contemporary case law, problems, and legal materials surrounding security interests and personal property in the United States.
The bill provides legal regime for creation, registration, priority and enforcement of security interests over movable property.
UN chief Ban Kimoon has expressed readiness to engage with India and Pakistan in resolving the Kashmir issue if requested by both and asked them to resume talks to reach an agreement that would serve their security interests as well as that of the region.

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