Security Instrument
/ˈsɪkjʊrɪti ˈɪnstrəmənt/
Definitions
- (n.) A legal document that provides a lender a security interest in specified property to secure a debt or other obligation.
The mortgage is a common type of security instrument used in real estate financing.
Forms
- security instruments
Related terms
See also
Commentary
Security instruments are crucial in secured transactions, clearly defining collateral and rights upon default; precision in drafting prevents disputes over enforcement.
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.