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.
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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
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What is security interest meaning in Kannada, security interest translation in Kannada, security interest definition, pronunciations and examples of security interest in Kannada.
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