SECURITY INTEREST

Pronunciation (US): (GB):

Meaning:

Any interest in a property that secures the payment of an obligation

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("security interest" is a kind of...):

interest; stake ((law) a right or legal share of something; a financial involvement with something)

Hyponyms (each of the following is a kind of "security interest"):

pledge (a deposit of personal property as security for a debt)

mortgage (a conditional conveyance of property as security for the repayment of a loan)

conditional sale (a security interest taken by the seller in return for credit)

collateral (a security pledged for the repayment of a loan)

lien (the right to take another's property if an obligation is not discharged)