Definition
A right, title, or interest of any kind upon property created in favour of a secured creditor as a security for repayment of any financial assistance. Includes mortgage, charge, hypothecation, assignment, or any other transaction or arrangement securing payment or performance of an obligation.
Related Terms
Secured Creditor
A creditor holding a security interest over the assets of the borrower. Under SARFAESI, "secured cre…
Mortgage
A transfer of interest in immovable property as security for the repayment of money. The Transfer of…
Hypothecation
A charge created on movable assets (machinery, vehicles, stock, receivables) as security for a loan,…
SARFAESI
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, …
Need Expert Advice on Security Interest?
For specific advice on how Security Interest applies to your debt recovery matter, consult Advocate Subodh Bajpai — LLM, MBA (XLRI Jamshedpur). 25+ years of exclusive banking and debt recovery practice across DRT, SARFAESI, IBC, and NI Act.
Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates