Difference between revisions of "Security interest"
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A [[mortgage]] is the most common type of security interest. | A [[mortgage]] is the most common type of security interest. | ||
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Revision as of 14:08, November 15, 2008
A security interest is a type of legal right for the seller of goods or lenders of money to protect against refusal or inability of the buyer or borrower to repay the indebtedness.
A mortgage is the most common type of security interest.