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 agreement

glossary / SECURITY AGREEMENT, 担保协议, 担保合同

security agreement 担保协议；担保合同通过该协议，在特定的动产或不动产上创设或提供某种权益，以担保债务的履行。 (→perfection of security interest; purchase money security interest; secured transaction; security interest)

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