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security interest :: legal definition


Security interest - n. generic term for the property rights of a lender or creditor whose right to collect a debt is secured by property.

See also: deed of trust lien mortgage UCC-1 and Related Law Terms ↓


Related Law Terms

mortgage :: n. a document in which the owner pledges his/her/i ... losure notice of default trust deed
promissory note :: n. a written promise by a person (variously called ... lso: interest obligee obligor usury

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