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. Secured Transactions §§ 37–49.]

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词条贡献者

译员李明，毕业于英国顶尖的高级翻译学院，专注翻译各种与调查和白领犯罪辩护有关的法律文件。