security agreement


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security agreement

A contract that grants a creditor a lien in personal property belonging to the debtor. Every state has passed some version of the Uniform Commercial Code, Article Nine, which addresses security agreements and their consequences. A mortgage lender will often require a separate security agreement and UCC-1, which is the document filed in the public records to provide evidence of a security agreement.Lenders do this so that if there is later a default and argument regarding whether specific additions to the real estate constitute real or personal property, the lender is covered both ways. Formerly known as a chattel mortgage.

References in periodicals archive ?
For those whose totalized periods of pension coverage still fail to meet the requirement for pension entitlements, their periods can be aggregated with those completed in a third country, provided the ROK and Luxembourg both have concluded a bilateral social security agreement with that third country that stipulates the totalization of periods of pension coverage.
(TAP) - A Tunisian-Swiss social security agreement was signed Monday in Tunis.
Minister of Civil Affairs of Bosnia and Herzegovina Adil Osmanovic and Swiss Ambassador to BiH Andrea Rauber Saxer signed today in Sarajevo a Social Security Agreement between the two countries.
Biopharmaceutical company CytRx Corporation (Nasdaq:CYTR) announced on Wednesday the completion of the final scheduled payment under a long-term loan and security agreement with Hercules Technology Growth Capital Inc and Hercules Technology III LP.
QNA Doha Qatar, represented by the Ministry of Defence, signed a security agreement with North Atlantic Treaty Organization (NATO) on its premises in Brussels.
Qatar signed a security agreement with Nato at the alliance's headquarters in Brussels on Tuesday.
Based on the security agreement between Afghanistan and U.S, Washington has an obligation to equip and assist Afghan forces in fighting insurgents - which includes air support and air power.
KUWAIT, Oct 26 (KUNA) -- Kuwaiti Deputy Foreign Minister Khaled Al-Jarallah said on Wednesday the unified Gulf security agreement has become a historic necessity amid the current regional security circumstances and developments.
CytRx, a biopharmaceutical research and development company, has signed a long-term loan and security agreement with Hercules Technology Growth Capital and Hercules Technology III.
BAGHDAD / NINA / The member of the security and defense parliamentary committee Hamid al-Mutlaq criticized the slow pace of the United States in the implementation of the items stipulated in the security agreement signed with them.
The Philippine and Swedish governments signed a bilateral social security agreement (SSA) that aims to benefit Filipinos living in Sweden and Swedish nationals working in the Philippines.
The demonstration against the US and NATO forces' presence in the country comes as the new government of Afghanistan has recently signed Bilateral Security Agreement with Washington and a similar agreement with the NATO called the Status of Force Agreement.

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