security interest
8
6.7
- noun
- /sɪˈkjʊrɪti ˈɪntrəst/
- Formal
:
interés de garantía
- She filed a security interest in her car to make sure she would be paid back.
- U.S. security interests
- national security interests
- economic security interests
Examples
-
Before granting the mortgage, the lender required a security interest in the buyer's home.
-
If there is no grant of security interest, then there is no security for the loan.
Blog text (21) -
A security interest is a property interest in the collateral assets.
Academic text (2017) -
The choice often turns on details of how the security interest is most cheaply exercised, etc.
Blog text (33) -
Moreover, security interests are relatively flexible tools for allocating contingent property rights.
Academic text (2017) -
The bank placed a security interest on the property to guarantee the loan repayment.
Antonyms
- Specialized
12
6.8
Not protected by property the lender can take if the borrower does not pay
How Enforceable
- Specialized
2
5.1
- Formal
8
6.7
Surface Forms
Morphology
The phrase is compositionally built from 'security' (assets pledged to secure a loan) and 'interest' (a right or stake), so the idea of a right in property that secures payment is inferable from the parts. However, the expression is a technical legal term whose precise legal force and usage are specialized and may not be fully predictable to an average B1 learner, making it only partially transparent.
Etymology
Security interest comes from the simple idea of giving something, like a car or a house, as a promise for a loan, with the lender holding security or interest on that item until the debt is paid. That's why security interest means a legal 'right' to the property to make sure the loan is paid back.