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
security interestnoun
any interest in a property that secures the payment of an obligation
Wiktionary
security interestnoun
The right of a lender to take possession of collateral offered to secure the loan.
Wikipedia
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
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
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.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of security interest in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of security interest in Pythagorean Numerology is: 5
Examples of security interest in a Sentence
The Russian troops on the Ukrainian border are Joe Biden’s fault, and they are Senate Democrats’ fault for being unwilling to stand up to a president of their own party, and I would note, this particular nominee is a nominee to be the head of protocol at the State Department. It is really bad protocol to drive tanks into somebody else’s country. You want to talk about protocol? How about the protocol of let’s defend American national security interest?
It’s absolutely something the president has promised, it’s not that it’s non-negotiable ; It’s what American needs. It’s in our national security interest to prevent drug cartels, to prevent MS-13 and secure our border.
The U.S. has a national security interest in Ukraine, and it does appear that what the president was doing was putting that national security interest at risk in exchange for political benefits, if that is what happened, that is the core of what impeachment is about.
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.
The United States has a moral obligation and a national security interest in fulfilling its promises to those who have risked their lives to support our mission, we recognize that a very important task is to ensure that we remain faithful to them, and that we do what’s necessary to ensure their protection, and if necessary, get them out of the country.
Translations for security interest
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"security interest." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/security+interest>.
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