SECURITY INTEREST: interest in real property or personal property, that secures the payment of an obligation. In common law, security interests are either consensual (by agreement), or arise by OPERATION OF LAW, as in the case of judgment LIENS and statutory LIENS. Barron's Dictionary of Business Terms
Printed copy · Anthology Volume 5, page 313Printed copy from The Tender For Law Anthology, Volume 5, page 313 (printed 13 June 2014). Added by this site; not part of the Facebook export.