Definitions for "security interest"
The right of the creditor to take all or part of a property offered as security.
The lender's right to take property that has been offered as security.
A term designating the interest of a secured creditor in the personal property of the debtor. Back to the Top
Keywords:  don, seize, below, buying, sell
A right a lender may have over your goods – either your own goods you list as security when borrowing money (see Secured loan below), or goods youâ€(tm)re buying under a credit sale. This right allows the lender to seize and sell the goods if you donâ€(tm)t keep up your payments.