security interest

(redirected from fixed charge)
Also found in: Dictionary, Thesaurus, Legal, Wikipedia.
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.

Mentioned in ?
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.
Graham's success is well received; Commercial Property Quarterly Review
Mr Titchen went on: 'The Brumark decision does not outlaw fixed charges on book debts.
Legal and Finance: Insolvency shake-up over book debts
During the subsequent period of 28 days, payment is accepted at the fixed charge plus 50 per cent.
DOING FINE; Recession-hit Government makes EUR21.7m in just one year from on-the-spot penalties
The fixed charges are 60% lower than ordinary charges or 10 yen for three minutes.
NTT to offer fixed charges for Internet users
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.
FINE MESS; Unpaid driving penalties clogging up courts system

Financial browser ?
Full browser ?