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.]

---

词条贡献者

资深译员Pablo，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，专注翻译各种与上市公司代理有关的法律文件。