An interest in property, other than real estate, which is given as security for a debt or other obligation. A security interest is created by execution of a security agreement and one or more financing statements under the Uniform Commercial Code.
Other terms explained in the Business Loans Glossary
Business Loans Glossary: Security Interest
Business Loans Glossary: Security Interest
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Article Id: 138 - Version: 3 - Created: 26-02-2008 - Last Updated: 26-03-2008 - Hits: 423
Categories: Glossary
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