MLchartDataset catalogue

Security interest

Term · Law · MLC-T-LAW-004447

A legal right granted by a debtor to a creditor over the debtor's property, which serves as collateral for a debt or obligation. This interest allows the creditor to seize and sell the collateral if the debtor defaults on the loan. Article 9 of the Uniform Commercial Code (UCC) governs the creation, perfection, and enforcement of security interests in personal property.

Table 1. Record
IdentifierMLC-T-LAW-004447
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004447",
  "term": "Security interest",
  "field": "Law",
  "definition": "A legal right granted by a debtor to a creditor over the debtor's property, which serves as collateral for a debt or obligation. This interest allows the creditor to seize and sell the collateral if the debtor defaults on the loan. Article 9 of the Uniform Commercial Code (UCC) governs the creation, perfection, and enforcement of security interests in personal property.",
  "url": "https://mlchart.com/terminology/law/security-interest/"
}

Record 4,520 of 5,445 in Law terminology (MLC-0107). Request the full dataset.