Security Interest - Definition - Law Dictionary Home Dictionary Definition security-interest

Definition :

Security interest, means right, title and interest of any kind whatsoever upon property, created in favour of any secured creditor and includes an mortgage, charge, hypothecation, assignment other than those specified in s. 31. [Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1) (zf)]