Security Interest

A special legal interest in property, fixtures or revenues that exists by contract as Security for payment or performance of an obligation.

See Also


Any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or evidence of any participation in any profit-sharing agreement.

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Statute passed in the wake of the 2008-2009 financial meltdown that enacted sweeping changes in the regulation of financial institutions, municipal advisors, and the financial markets.