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.
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 ?
* A reasonable, pre-arranged fixed charge per matter referred to the lawyer that varies based on the type of matter only if the varying charge is based on demonstrably different marketing and administrative costs rather than the perceived value of the case.
class="MsoNormalFinally, will the removal of the fixed charge simplify the billing structure?
Alternate mutation based artificial immune algorithm for step fixed charge transportation problem, Egyptian Informatics Journal, Vol.
T]he essential characteristic of a floating charge, the characteristic that distinguishes it from a fixed charge, is that the asset subject to the charge is not finally appropriated as a security for the payment of the debt until the occurrence of some future event.
The ratemaking principle that fixed costs should be recovered through fixed charges (such as the customer charge and demand charge) and variable costs should be recovered through variable charges (such as the energy charge and the wholesale power cost adjustment charge) helps to eliminate cross subsidies among customers.
Therefore, becoming an RICS RPR, and a Fellow of NARA, will give potential clients confidence in LSH's ability to carry out the role and duties of a fixed charge receiver."
"Moody's believes the resolution of the REIT's [real estate investment trust's] nonperforming assets will be a protracted process, and as a result, EBITDA [earnings before interest, taxes, depreciation and amortization] will erode and fixed charges could deteriorate to levels close to its bond covenant threshold."
"Until now it has been accepted practice that banks have been able to take a fixed charge over companies' book debts on condition that the proceeds of those debts are paid into a designated bank account.
Our fixed charge was pounds 130 and the charge based on rateable value is just pounds 8.50.
The FSA said it dropped the fixed charge proposal after consultation with the industry.
By contrast, cash flow loans typically come with stringent -- sometimes highly restrictive -- financial covenants, such as a leverage ratio maximum, fixed charge coverage, interest coverage and minimum EBITDA (earnings before interest, taxes, depreciation and amortization).