Search Results for: SECURITY AGREEMENT

security agreement

security agreement. An agreement that creates or provides for an interest in specified real or personal property to guarantee the performance of an obligation. • It must provide for a security interest, describe the collateral, and be signed by the debtor. The agreement may include other important covenants and warranties. [Cases: Secured Transactions 41–51. C.J.S. […]

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security interest

security interest. A property interest created by agreement or by operation of law to secure performance of an obligation (esp. repayment of a debt). • Although the UCC limits the creation of a security interest to personal property, the Bankruptcy Code defines the term to mean “a lien created by an agreement.” 11 USCA §

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security interest

A property interest created by agreement or by operation of law to secure performance of an obligation (esp. repayment of a debt). • Although the UCC limits the creation of a security interest to personal property, the Bankruptcy Code defines the term to mean “a lien created by an agreement.” 11 USCA § 101(51). [Cases:

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insecurity clause

insecurity clause. A loan-agreement provision that allows the creditor to demand immediate and full payment of the loan balance if the creditor has reason to believe that the debtor is about to default, as when the debtor suddenly loses a significant source of income. Cf. ACCELERATION CLAUSE. [Cases: Bills and Notes 129(1); Secured Transactions 221.

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chattel paper

chattel paper 动产文据 即用以证明金钱给付义务以及在特定财产上的担保利益或对该财产进行租让的书面文件。在很多情况下,动产文据由一个票据和一个担保协议组成。当交易被一个这样的担保协议或租约以及一个或一系列票据所证明时,这些书面文件结合在一起就构成动产文据 。(→secured transaction; security agreement)

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