security interest - Meaning in Kannada
security interest - Meaning in Kannada
noun
- +1
Definitions and Meaning of security interest in English
security interest noun
- any interest in a property that secures the payment of an obligation
Description
In finance, a security interest is a legal right granted by a debtor to a creditor over the debtor's property which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations. One of the most common examples of a security interest is a mortgage: a person borrows money from the bank to buy a house, and they grant a mortgage over the house so that if they default in repaying the loan, the bank can sell the house and apply the proceeds to the outstanding loan.
Also see "Security interest" on WikipediaAlso See
What is another word for security ?
Sentences with the word security
Words that rhyme with security
What is another word for interest ?
Sentences with the word interest
What is security interest meaning in Kannada?
The word or phrase security interest refers to any interest in a property that secures the payment of an obligation. See security interest meaning in Kannada, security interest definition, translation and meaning of security interest in Kannada. Learn and practice the pronunciation of security interest. Find the answer of what is the meaning of security interest in Kannada.
Other languages: security interest meaning in Hindi
Tags for the entry "security interest"
What is security interest meaning in Kannada, security interest translation in Kannada, security interest definition, pronunciations and examples of security interest in Kannada.
SHABDKOSH Apps
Ten most beautiful words in English
English might be confusing and for some people even difficult. But it is also a language with many beautiful words. Here are some of the words in… Read more »
Irregular Verbs
Irregular verbs are used more than the regular verbs in English language. Understanding these verbs might seem difficult, but all you need is some… Read more »
Using simple present tense
Simple present tenses are one of the first tenses we all learn in school. Knowing how to use these tenses is more important in spoken English. Read more »Our Apps are nice too!
Dictionary. Translation. Vocabulary.
Games. Quotes. Forums. Lists. And more...
Vocabulary & Quizzes
Try our vocabulary lists and quizzes.
