Securities Agreement
/ˈsɛkjʊərɪtiz əˈɡriːmənt/
Definitions
- (n.) A contract in which a borrower grants a lender a security interest in specified assets to secure repayment of a loan or obligation.
The lender required the borrower to execute a securities agreement to secure the loan with company equipment.
Forms
- securities agreement
Related terms
See also
Commentary
Typically accompanies a loan or credit agreement and must clearly describe the collateral to perfect security interests.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.