security interest

Definition of "security interest"
  1. A legal claim on assets that have been pledged, typically through a lien or mortgage, as a guarantee for payment of a debt
How to use "security interest" in a sentence
  1. To secure her business loan, she gave the bank a security interest in her house.
  2. The lender has a security interest in the car until the auto loan is paid off.
  3. The security interest in the artwork ensured the creditor would be paid back.

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