security interest

/səˌkjʊrədi ˌɪntərəst/

Other forms: security interests

Definitions of security interest

1. noun

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

   pledge

   a deposit of personal property as security for a debt

   mortgage

   a conditional conveyance of property as security for the repayment of a loan

   conditional sale

   a security interest taken by the seller in return for credit

   collateral

   a security pledged for the repayment of a loan

   lien

   the right to take another's property if an obligation is not discharged

   pawn

   an article deposited as security

   first mortgage

   a mortgage that has priority over all mortgages and liens except those imposed by law

   second mortgage

   a mortgage that is subordinate to a first mortgage

   chattel mortgage

   a loan to buy some personal item; the item (or chattel) is security for the loan

   guarantee, guaranty

   a collateral agreement to answer for the debt of another in case that person defaults

   artisan's lien

   lien permitting an artisan to retain possession of a piece of work until has been paid for

   general lien

   a lien on all the property owned by a debtor and not just a specific property

   judgment lien

   lien on a debtor's property that is granted to a creditor by court judgment; lien may be enforced by having the sheriff seize the property and hold a sheriff's sale

   landlord's lien

   lien on a tenant's property for the satisfaction of unpaid rent or property damage; the landlord is given the status of a preferred creditor with regard to the tenant's property

   mechanic's lien

   lien to secure payment for work and materials in erecting or repairing a building or other structure

   tax lien

   lien of which a tax collector may avail himself in default of taxes (analogous to a judgment lien)

   warehouseman's lien

   right of a warehouseman to retain goods until all storage charges have been paid

   type of:

   interest, stake

   (law) a right or legal share of something; a financial involvement with something