Security Interest - Law Dictionary Search Results
property
usually considered part of the bankruptcy estate 2 : property acquired after the perfection of a lien or security interest ;esp : such property acquired after the creation of a lien or security interest that is subject to … of a lien or security interest ;esp : such property acquired after the creation of a lien or security interest that is subject to the lien or becomes collateral for the security interest 3 : property transferred to
Property
other business or commercial right of similar nature. [The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(t)] Means any property of assets or every description, whether corporeal or incorporeal, movable or … any other business or commercial right of similar nature. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2 (1)] Property in legal sense means an aggregate of rights which
perfect
(an appeal) ready for transfer to an appeals court by satisfying procedural requirements b : to put (one's security interest) in a position or status having priority over subsequently perfected security interests or unperfected security interests by taking … esp. by filing a financing statement or taking possession of the collateral [was the first creditor to its security interest in the debtor's collateral, and, thus, was the first in priority for the collateral "Commercial Bank v. Pride
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Mortgage
interest and expenses, at any period within twelve (formerly twenty) years after the last recognition of the mortgage security by the mortgagee; and this because equity deems the non-compliance with the proviso for redemption a penalty, against
bond
which no certificate is issued convertible bond : a bond that may be exchanged for another type of security (as common stock) at prearranged terms coupon bond : a bearer bond that has coupons that must be … another in the event of a default b : one who acts as a surety 2 : an interest-bearing document giving evidence of a debt issued by a government body or corporation that is sometimes secured by
Scheme
a securitisation company or reconstruction company under that scheme. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2(1)(y)] 1. A systematic plan; a connected or orderly arrangement, esp. of … a securitization company or reconstruction company under that scheme. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(y)] Means a scheme notified by the State Government under sub-s. (1) of s. 4.
Bond
p. 268. When a bond contains a penalty, which is generally double the amount of the principal sum secured, only the sum actually owing, with interest, can be recovered, and in no case can this exceed the
Secured creditor
or (iii) any other trustee holding securities on behalf of a bank or financial institution, in whose favour security interest is created for due repayment by any borrower of any financial assistance. [Securitisation and Recon-struction of Financial Assets … due repayment by any borrower of any financial assistance. [Securitisation and Recon-struction of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1) (zd)] Secured creditor, means any bank or financial institution or any
In the interest of general public
Matched in: Term In the interest of general public
pledge
of esp. personal property as security for a debt or other obligation ;broadly : the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee 2 a : property and … a : property and esp. personal property that is used as security esp. upon delivery ;broadly : a security interest in collateral compare chattel mortgage at mortgage b : a contract under which the delivery of property (as
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