unperfected security interest

A security interest held by a creditor who has not established priority over any other creditor.

• The only priority is over the debtor. [Cases: Secured Transactions 139. C.J.S. Secured Transactions § 91.]

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词条贡献者

资深译员Laura，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与美国公司法规有关的法律文件。