n. generic term for the property rights of a lender or creditor whose right to collect a debt is secured by property.
A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt.{sfn|Black`s|2004} It gives the beneficiary of the security interest certain preferential rights in the disposition of secured assets. Such rights vary according to the type o....
The creditor`s right to take property or a portion of property offered as security.
(n) Security interest is the right acquired by a creditor or lender, on the property held by him as security for the amount due to him, to use the right on the property to recover the amount due to him
A claim against property that secures a debt.
[n] - any interest in a property that secures the payment of an obligation
noun any interest in a property that secures the payment of an obligation
- Legal interest of one person in the property of another to assure performance of a second person under a contract.