Security Interest - Law Dictionary Search Results
attach
join or make a part of [affidavits ed to the suit "Rosalind Resnick"] 3 : to create a security interest in (property) and so acquire the right to foreclose on or otherwise deal with property for payment of … for payment of a debt and to exercise one's rights in the property against third parties see also security interest at interest compare perfect vi : to become effective: as a : to come into existence as a
secure
to give or pledge security to (as a creditor) ;broadly : to cause to have security or a security interest [a creditor secured by a lien on real property]
secured
: guaranteed or protected by security [a claim] b : constituting security [ property] 2 : having a security interest [an interest rendering the primary lender ] 3 : involving or providing for the creation of a security … interest [an interest rendering the primary lender ] 3 : involving or providing for the creation of a security interest [a sale]
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Priority
By possession of the documents of title subject, presumably, to notice, actual or constructive, of equities affecting the security. (b) By date of registration at the Red Lion Square office under the (English) Land Charges Act, 1925, … date of receipt of notice by the persons who are for the time being owners of the legal interest in the property assigned. Before 1926 the notice might be verbal; after 1926 it must, for the purposes
Constructive trust
land sold for unpaid purchase money, and generally, when an estate is subject to a trust or equitable interest or lien, and a person purchases it for value, with either actual or constructive notice of it, the
Joint-tenancy
which are the following: (1) If two join in lending money on mortgage, though they take a joint security, yet equity holds that it could never have been intended that their interests should survive, the fair presumption … Joint-tenancy. This tenancy is created where the same interest in real or personal property is, by the act of the party, passed by the same matter of
sale
a sale in which the seller extends credit to the buyer to purchase the item and takes a security interest in the item with the buyer receiving title when the debt has been fully paid off compare absolute
security agreement
Matched in: Term security agreement
creditor
due compare debtor, obligor general creditor : a creditor who is not secured by a lien or other security interest called also unsecured creditor judgment creditor : a creditor who has a money judgment entered against the debtor … creditor who is secured by a lien (as by attachment) secured creditor : a creditor who has a security interest (as a mortgage) unsecured creditor : general creditor in this entry
grace period
on insurance policies may be paid without penalty b : a period of ten days during which certain security interests (as those in fixtures or purchase money security interests) must be perfected in order to have priority … insurance policies may be paid without penalty b : a period of ten days during which certain security interests (as those in fixtures or purchase money security interests) must be perfected in order to have priority over
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