SECURITY AGREEMENT

security agreement: translation

An agreement between one or more debtors and one or more creditors in which the debtor grants the creditor an interest in the debtor's personal property as collateral for the debt. (Alternatively or in addition, the collateral may be property owned by a guarantor or by another third party.) As used in Article 9 of the Uniform Commercial Code, it is an agreement that: is in writing; gives the names of the parties; is signed or authenticated by the debtor; describes the collateral; and includes language stating that the debtor is granting or giving the security interest in the collateral to the creditor. While the security agreement establishes the creditor's interest in the collateral, it does not establish the priority of the creditor's interest relative to the interests of other creditors.
See financing statements and perfection

Смотреть больше слов в «Financial and business terms»

SECURITY BALANCE →← SECURITY

Смотреть что такое SECURITY AGREEMENT в других словарях:

SECURITY AGREEMENT

банк., фин. договор обеспечения, соглашение [договор\] об обеспечении (соглашение, в котором заемщик указывает активы, передаваемые кредитору в качест... смотреть

SECURITY AGREEMENT

security agreement: translation security agreement An agreement that creates or provides for a security interest (SA-Bankruptcy.com) An agreement be... смотреть

SECURITY AGREEMENT

Security Agreement: translationA document that provides a lender a security interest in a specified asset or property that is pledged as collateral. In... смотреть

SECURITY AGREEMENT

security agreement: übersetzung security agreement Sicherungsvertrag m, Sicherungsabrede f

SECURITY AGREEMENT

договір застави; угода про забезпечення; угода про надання забезпечення

SECURITY AGREEMENT

договір застави; угода про забезпечення; угода про надання забезпечення

SECURITY AGREEMENT

соглашение об обеспечении

T: 165