Enforceable claim or lien created by a security agreement, or by the operation of law, that secures the fulfillment of a pledge. A lender or obligee has a security interest in the collateral provided by a borrower or obligor to guaranty timely payment of a debt or performance of an obligation. See also perfected security interest.
Use 'security interest' in a Sentence
I had some security interest and wondered exactly what it meant for my future because I was unsure what it did.
If you are being contacted about a security interest you should find out all that you can before you agree to anything.
You need to make sure that you always pay off what you owe as fast as can when you are involved in a security interest.
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