Security - Law Dictionary Search Results
Home Dictionary Name: security Page: 2security agreement
security agreement : an agreement which creates or provides for a security interest [perfect a security interest in collateral described in a security agreement] compare secured transaction ...
Justifying security
Justifying security. Administrators in certain cases are required by the Court of Probate to give justifying security-i.e., the sureties to the administration bond must, in an affidavit, swear that they are, after the payment of their debts, worth a sum specified. Justifying security is required by the Court according to the circum-stances of each case, subject to the rule that whenever administration is granted in default of the appearance of persons cited, but not personally served with the citation, or for the use and benefit of a person of unsound mind, unless it is granted to a committee appointed by the Court of Chancery, justifying security must be given, Williams on Executors....
Possessory lien
Possessory lien. A possessory lien arises at common law from an agreement express or implied. As a rule it is immaterial how possession is obtained, Robbins v. Gray, (1895) 2 QB 501; Keene v. Thomas, (1905) 1 KB 136. The lien can be extinguished by tender of the amount due and may be lost by waiver express or implied, and also only continues so long as actual possession is retained. See LIEN....
Private security guard
Private security guard, means a person providing private security with or without arms to another person or property or both and includes a supervisor. [Private Security Agencies (Regulation) Act, 2005 (29 of 2005), s. 2(h)]...
Security receipt
Security receipt, means a receipt or other security, issued by a securitisation company or reconstruc-tion company to any qualified institutional buyer pursuant to a scheme, evidencing the purchase or acquisition by the holder thereof, of an undivided right, title or interest in the financial asset involved in securitisation. [Securitisation and Reconstruc-tion of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1)(zg)]...
Security agreement
Security agreement, means an agreement, instru-ment or any other document or arrangement under which security interest is created in favour of the secured creditor including the creation of mortgage by deposit of title deeds with the secured creditor. [Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1) (zb)]...
Security of the State
Security of the State, the words 'Security of the State' cannot mean merely danger to the security of the entire country, AIR 1960 Bom 399 (402). [Constitution of India, Art, 19(2)]...
Private security
Private security, means security provided by a person, other than a public servant, to protect or guard any person or property or both and includes provision or armoured car service. [Private Security Agencies (Regulation) Act, 2005 (29 of 2005), s. 2(f)]...
Debt security sterling
Debt security sterling, means a debt security in relation to which the principal, interest and subscription moneys are payable solely in sterling, and 'debt security' includes bonds, notes, debentures and debenture stock, Banking Act, 1987 (Exempt Transactions) Regulations 1988, reg. 1(2) (UK) Halsbury's Laws of England 3(1), para 32, p. 28....
Contractual lien
Contractual lien, this is a contractual right to retain possession pending payment of sums due to the possessor. The contractual lien, which is often equated with a pledge, is to be distinguished from it in that possession is taken for purposes other than security and unless otherwise agreed the lienee has merely a right to detain the goods until payment of what is due to him, not a right to sell them on default in payment, Halsbury's Laws of England, Vol. 4(1), para 609, p. 265....
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