security interest

Definition

The right of the creditor to take all or part of a property offered as security.

Use security interest in a sentence

The security interest of the bank was perfectly strong and undeniable as we had agreed to the contract last week.

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Acme bank's security interests in Detroit were next to worthless, even with Ryan Gosling doing his artsy little film there.

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I did not like the security interest because it meant that the creditor could take all of my property offered as a security.

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