What does security interest mean?

Definitions for security interest
se·cu·rity in·ter·est

This dictionary definitions page includes all the possible meanings, example usage and translations of the word security interest.

Princeton's WordNet

  1. security interestnoun

    any interest in a property that secures the payment of an obligation

Wiktionary

  1. security interestnoun

    The right of a lender to take possession of collateral offered to secure the loan.

Wikipedia

  1. Security interest

    In finance, a security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations. One of the most common examples of a security interest is a mortgage: a person borrows money from the bank to buy a house, and they grant a mortgage over the house so that if they default in repaying the loan, the bank can sell the house and apply the proceeds to the outstanding loan.Although most security interests are created by agreement between the parties, it is also possible for a security interest to arise by operation of law. For example, in many jurisdictions a mechanic who repairs a car benefits from a lien over the car for the cost of repairs. This lien arises by operation of law in the absence of any agreement between the parties. Most security interests are granted by the person who owns the property to secure their own indebtedness. But it is also possible for a person to grant security over their property as collateral for the debts of another person (often called third party security). So a parent might grant a security interest over their home to support a business loan being made to their child. Similarly, most security interests operate to secure debts or other direct financial obligations. But sometimes a security is granted to secure a non-financial obligation. For example, in construction a performance bond may secure the satisfactory performance of non-financial obligations. The different types of security interest which can arise and the rights which they confer will vary from country to country.

ChatGPT

  1. security interest

    A security interest is a legal claim or right granted over specific property or assets by a debtor to a creditor. This is often created through a security agreement as a form of guarantee for the repayment of a debt or performance of some other obligation. If the debtor fails to meet their obligations, the creditor can seize or sell the secured property to cover the owed debt. Instances where security interests often apply include mortgages, car loans, and business loans.

Wikidata

  1. Security interest

    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. It gives the beneficiary of the security interest certain preferential rights in the disposition of secured assets. Such rights vary according to the type of security interest, but in most cases, a holder of the security interest is entitled to seize, and usually sell, the property to discharge the debt that the security interest secures.

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Numerology

  1. Chaldean Numerology

    The numerical value of security interest in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of security interest in Pythagorean Numerology is: 5

Examples of security interest in a Sentence

  1. The California Republican:

    I think we are going to be fine. I think Kevin gets it is in our national security interest that Putin be defeated in Ukraine. I mean the critics are isolationists about everything. They wanted to get out of Afghanistan. I mean isolationism has been with us forever in both parties.

  2. Liam Fox:

    I will be apologizing for the fact that either our civil service or elements of our political class have not lived up to the expectations that either we have or the United States has about their behavior, which in this particular case has lapsed in a most extraordinary and unacceptable way, malicious leaks of this nature are unprofessional, unethical and unpatriotic and can actually lead to a damage to that relationship which can therefore affect our wider security interest.

  3. Donald Tusk:

    Maintaining the nuclear deal is in the regional and international security interest.

  4. Admiral Sun Jianguo:

    We do not make trouble, but we have no fear of trouble, china will not bear the consequences, nor will it allow any infringement on its sovereignty and security interest, or stay indifferent to some countries creating chaos in the South China Sea.

  5. Brian McKeon:

    I would not say he is quick to support military intervention unless he sees that it is warranted based on national security interest and that we can accomplish our objectives.


Translations for security interest

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"security interest." Definitions.net. STANDS4 LLC, 2024. Web. 20 Apr. 2024. <https://www.definitions.net/definition/security+interest>.

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