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Security
Security The property that will be pledged as collateral for a loan.
RELATED TERMS--------------------------------------
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
Collateral
In a home loan, the property is the collateral. The borrower risks losing the property if the loan is not repaid according to the terms of the mortgage or deed of trust.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
SIMILAR TERMS--------------------------------------
Secured debt
A debt that is secured by a lien on debtor's property that may be taken by the creditor in case of nonpayment by the debtor.
Secured loan
A loan that is backed by collateral.
Securities and Exchange Commission (SEC)
The federal agency that supervises and oversees the issuance and exchange of public securities.
Securitization
The process of converting an illiquid asset, such as a mortgage loan, into a tradable form, such as mortgage-backed securities.
Security agreement
Security interests in chattels (personal property) are created by an instrument known as a security agreement. To give notice of a security interest, a financing statement must be recorded.
Security deposit
A deposit of money by a tenant to a landlord to secure performance of a lease. It also can take the form of a letter of credit or other financial instrument.
PREVIOUS AND NEXT TERMS--------------------------------------
Section(s)
As used in the government survey method, a land area of one square mile, or 640 acres. A section is 1-36 of a township, or each township contains 36 sections. Sections are numbered 1 through 36. Section 1 is always in the northeast, or upper right-hand, corner.
Secured debt
A debt that is secured by a lien on debtor's property that may be taken by the creditor in case of nonpayment by the debtor.
Secured loan
A loan that is backed by collateral.
Securities and Exchange Commission (SEC)
The federal agency that supervises and oversees the issuance and exchange of public securities.
Securitization
The process of converting an illiquid asset, such as a mortgage loan, into a tradable form, such as mortgage-backed securities.
Security
Security agreement
Security interests in chattels (personal property) are created by an instrument known as a security agreement. To give notice of a security interest, a financing statement must be recorded.
Security deposit
A deposit of money by a tenant to a landlord to secure performance of a lease. It also can take the form of a letter of credit or other financial instrument.
Seisen (seizen)
Possession of real property under claim of freehold estate.
Self administered REIT
When members of the management are employees of the REIT or an entity having essentially the same economic ownership as the REIT.
Self build
A mortgage that is taken out on a property that is under construction or which needs serious renovation to be made habitable.
This dictionary contains 6433 terms. |
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