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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法律翻译William,毕业于法国一流的高级翻译学院,擅长翻译有关农业和食品领域的法律文件。
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