security interest

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Security interest

The creditor's right to take property or a portion of property offered as security.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The answers to these questions illustrate that in construing some sections in the PPSA, the PPSA's definition of security interest is to be read down, so as to apply only to in substance security interests and that, in its original manifestation in the UCC and now in the PPSA, the unqualified extension of the definition of security interest in these statutes so as to encompass deemed security interests had not been completely thought through.
The draft bill would also introduce a temporal limitation for the suspect period, whereby the making of (non-mature) payments and the creation of security interests will be void only if they occur within one year before the date on which the application for commencement of judicial insolvency proceedings was filed.
Security interests are very significant in this respect.
Also, the DOF had said the PPSA 'simplified the process as security interest may be perfected by registration of a notice with the registry, possession of the collateral by the secured creditor or by control of investment property and deposit account,' such that 'on perfection, a security interest becomes effective against third parties.'
The Supreme Court concluded that Congress, by inserting 1692f(6), intended that those enforcing security interests in nonjudicial foreclosures would be subject only to the requirements of 1692f(6) and not the broader requirements of the FDCPA.
The registry was established for the purposes of receiving, storing and making available to the public information submitted by users in the form of financing statements relating to security interests. The software saves data submitted by registered users to a database and makes it available to the searchers who use the appropriate search parameter.
Brussels [Belgium], May 29 ( ANI ): The bloc's foreign policy chief Federica Mogherini on Monday said, the European Union (EU) wants to preserve the landmark Iran nuclear deal for security interests.
Mr Ismail, however, said such pressures cannot force Islamabad to abandon its security interests. Islamabad fears that the United States is purposely giving India a larger role in Afghanistan, enabling it to use the Afghan territory for stirring troubles in Pakistan.
After 44 years of EU membership our security interest as much as trade has become inextricably intertwined.
Having addressed the foundational issue of whether IP licenses are legally viable collateral, attention can turn to the rules governing the creation, perfection and priority of security interests in these assets.
(2) The Australian Financial Security Authority, which now operates the electronic Personal Property Securities Register ('PPSR') in which financing statements can be registered to protect interests regarded as security interests, has produced a fact sheet specifically targeted at artists.
The Uniform Commercial Code (UCC) sets forth rules governing secured transactions and how security interests are attached and perfected against personal property owned by a debtor.

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