Security Interest

Resource type: Glossary Item

Status: Maintained

Jurisdiction: USA

An interest in certain assets which secures payment or performance of an obligation. In a secured financing transaction, the borrower grants a security interest over its assets in favor of the lender to secure its payment and performance obligations to the lender.

For further information, see Practice Note, Security: Overview (www.practicallaw.com/8-381-0550).

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  • Resource ID: 7-382-3812
  • Products:  PLC US Corporate & Securities, PLC US Finance, PLC US Glossary, PLC US Law Department
  • This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.
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