Security Agreement definition: Copy, customize, and use instantly
Introduction
The term "Security Agreement" refers to a legal contract in which a borrower agrees to pledge assets as collateral for a loan. It is essential for protecting the lender’s interest by ensuring that in the event of default, the lender has the right to seize and sell the collateral to recover the owed amount. This agreement is commonly used in secured financing transactions.
Below are various examples of how "Security Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Security Agreement" as a collateral pledge agreement
This definition ties "Security Agreement" to the concept of collateralizing a loan.
"Security Agreement" means the agreement between a borrower and lender in which the borrower grants the lender a security interest in specified assets, ensuring the lender’s right to seize those assets if the borrower defaults.
Definition of "Security Agreement" as a loan collateral agreement
This definition connects "Security Agreement" to its use in securing loans.
"Security Agreement" refers to the written agreement in which a borrower agrees to provide collateral to a lender in exchange for a loan, establishing the lender’s legal right to take possession of the collateral upon default.
Definition of "Security Agreement" as a financing arrangement
This definition links "Security Agreement" to its role in financing transactions.
"Security Agreement" means a contract under which a borrower grants a security interest in personal or real property to secure repayment of a loan, outlining the lender’s rights in case of default.
Definition of "Security Agreement" as an enforceable lien
This definition applies "Security Agreement" to the creation of a lien.
"Security Agreement" refers to the agreement that establishes an enforceable lien on the specified property, which the lender can use to recover the debt in the event of a default by the borrower.
Definition of "Security Agreement" as a guarantee for a loan
This definition ties "Security Agreement" to its use in guaranteeing repayment.
"Security Agreement" means the legal document in which a borrower pledges specific assets as collateral for a loan, ensuring the lender’s ability to recover funds in case of default.
Definition of "Security Agreement" as an asset pledge agreement
This definition connects "Security Agreement" to asset pledging.
"Security Agreement" refers to the contract in which a borrower pledges certain assets, such as property or equipment, as collateral to secure a loan, with provisions for the lender to claim the collateral upon default.
Definition of "Security Agreement" as a document for securing obligations
This definition links "Security Agreement" to securing other financial obligations.
"Security Agreement" means a contract that secures the repayment of obligations, such as loans or debts, by granting the lender a security interest in the borrower’s assets.
Definition of "Security Agreement" as a commercial lending tool
This definition applies "Security Agreement" in the context of commercial lending.
"Security Agreement" refers to an agreement in commercial lending transactions where a business pledges assets to secure a loan, establishing the lender’s right to seize those assets if the business defaults.
Definition of "Security Agreement" as a personal property security agreement
This definition connects "Security Agreement" to personal property.
"Security Agreement" means a legal document in which personal property, such as inventory or equipment, is pledged by the borrower to secure the loan or credit extended by the lender.
Definition of "Security Agreement" as a contractual lien instrument
This definition links "Security Agreement" to lien creation for debt enforcement.
"Security Agreement" refers to the contract used to create a lien on personal or real property, ensuring the lender can claim the collateral if the borrower defaults on repayment.
Definition of "Security Agreement" as a real estate collateral agreement
This definition ties "Security Agreement" to real estate collateral.
"Security Agreement" means an agreement where real estate is pledged as collateral for a loan, with provisions for the lender to enforce their rights in case of default.
Definition of "Security Agreement" as an asset-backed loan agreement
This definition applies "Security Agreement" to asset-backed lending.
"Security Agreement" refers to an agreement where the borrower secures the loan with specified assets, such as machinery or inventory, granting the lender the right to liquidate the assets in the event of non-payment.
Definition of "Security Agreement" as a perfection of security interest
This definition connects "Security Agreement" to the perfection process.
"Security Agreement" means the agreement that perfects the lender’s security interest in the borrower’s collateral, ensuring the lender’s legal right to the collateral in case of default.
Definition of "Security Agreement" as a debt protection mechanism
This definition ties "Security Agreement" to the protection of the lender’s interests.
"Security Agreement" refers to a contractual arrangement in which a borrower provides assets as collateral, protecting the lender’s interest in the event of a default by the borrower.
Definition of "Security Agreement" as a comprehensive collateral arrangement
This definition links "Security Agreement" to a broader collateral agreement.
"Security Agreement" means a comprehensive agreement that covers all aspects of securing obligations, including the description of collateral, rights of enforcement, and remedies in case of default.
Definition of "Security Agreement" as an instrument for asset recovery
This definition connects "Security Agreement" to asset recovery.
"Security Agreement" refers to the legal instrument that allows a lender to recover assets pledged as collateral if the borrower defaults on the repayment of the debt.
Definition of "Security Agreement" as a pledge of tangible property
This definition links "Security Agreement" to tangible property collateral.
"Security Agreement" means a contract in which tangible property, such as land, machinery, or equipment, is pledged as collateral to secure a loan.
Definition of "Security Agreement" as a binding legal document
This definition ties "Security Agreement" to its legal enforceability.
"Security Agreement" refers to the binding legal contract that outlines the collateral and the terms under which a lender may take possession of the collateral if the borrower defaults.
Definition of "Security Agreement" as a financial safeguard
This definition connects "Security Agreement" to a financial safeguard for lenders.
"Security Agreement" means the agreement that serves as a safeguard for the lender, securing the loan by placing collateral at the lender’s disposal in case of default.
Definition of "Security Agreement" as a personal guarantee
This definition ties "Security Agreement" to a personal guarantee from the borrower.
"Security Agreement" means a contract in which the borrower personally guarantees the debt by pledging personal property or assets as collateral for the loan.
Definition of "Security Agreement" as a financing arrangement for businesses
This definition connects "Security Agreement" to business financing.
"Security Agreement" refers to a contract between a business and a lender, in which the business provides assets as collateral to secure financing for operations or expansion.
Definition of "Security Agreement" as a pledge of intellectual property
This definition links "Security Agreement" to the pledge of intellectual property assets.
"Security Agreement" means an agreement in which the borrower pledges intellectual property, such as patents, trademarks, or copyrights, as collateral to secure a loan or credit facility.
Definition of "Security Agreement" as a repossession agreement
This definition applies "Security Agreement" to repossession of assets.
"Security Agreement" refers to a contract that grants the lender the right to repossess collateral, including goods or property, if the borrower defaults on the loan or debt repayment.
Definition of "Security Agreement" as an agreement for movable property
This definition ties "Security Agreement" to movable property used as collateral.
"Security Agreement" means a legal agreement where movable property, such as equipment or inventory, is pledged by the borrower to secure the repayment of a loan.
Definition of "Security Agreement" as a secured loan agreement
This definition connects "Security Agreement" to a secured loan.
"Security Agreement" refers to the document that outlines the terms under which the borrower pledges assets to secure a loan, ensuring the lender's right to claim the assets in case of default.
Definition of "Security Agreement" as a credit facility agreement
This definition links "Security Agreement" to a credit facility.
"Security Agreement" means an agreement where the borrower provides security, such as real estate or equipment, to back a credit facility extended by the lender.
Definition of "Security Agreement" as a pledge of real estate
This definition ties "Security Agreement" to real estate collateral.
"Security Agreement" refers to an agreement in which real estate, such as land or buildings, is pledged as collateral to secure a loan or credit facility.
Definition of "Security Agreement" as a debt recovery tool
This definition connects "Security Agreement" to debt recovery.
"Security Agreement" means a contract that allows the lender to recover debt by seizing collateral in the event that the borrower fails to meet their financial obligations.
Definition of "Security Agreement" as a guarantee for corporate bonds
This definition links "Security Agreement" to the issuance of corporate bonds.
"Security Agreement" refers to an agreement in which a corporation pledges assets as collateral to guarantee the repayment of corporate bonds issued to investors.
Definition of "Security Agreement" as a default remedy
This definition applies "Security Agreement" to default scenarios.
"Security Agreement" means the legal contract outlining the lender’s rights to seize the borrower’s collateral if a default on the loan occurs, ensuring repayment of the debt.
Definition of "Security Agreement" as a trust indenture
This definition ties "Security Agreement" to a trust arrangement.
"Security Agreement" refers to an agreement within a trust indenture, where assets are held in trust as collateral for the repayment of a debt or loan.
Definition of "Security Agreement" as a fixed-charge agreement
This definition connects "Security Agreement" to a fixed charge on assets.
"Security Agreement" means an agreement in which the borrower grants the lender a fixed charge over certain assets, such as property or equipment, as collateral for the loan.
Definition of "Security Agreement" as an agreement for revolving credit
This definition links "Security Agreement" to revolving credit.
"Security Agreement" refers to the contract in which the borrower pledges assets as collateral to secure a revolving credit line, which the borrower can use and repay multiple times.
Definition of "Security Agreement" as a contract for business debt refinancing
This definition ties "Security Agreement" to business debt refinancing.
"Security Agreement" means the contract used when a business refinances its debt, pledging assets as collateral to secure the new financing arrangement.
Definition of "Security Agreement" as a secured promissory note
This definition connects "Security Agreement" to promissory notes.
"Security Agreement" refers to an agreement where the borrower secures a promissory note with collateral, ensuring the lender can seize the pledged assets if the borrower defaults on repayment.
Definition of "Security Agreement" as an asset-based lending agreement
This definition links "Security Agreement" to asset-based lending.
"Security Agreement" means a contract used in asset-based lending, where the borrower secures the loan with assets, such as accounts receivable or inventory, to ensure repayment.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.