Legal glossary
“security interest”
Defined in 2 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Recovery Of Debts And Bankruptcy Act, 1993 · s. 2
(lb) "security interest" means mortgage, charge, hypothecation, assignment or any other right, title or interest of any kind whatsoever upon property, created in favour of any bank or financial institution and includes—
Read section 2The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 · s. 2
(zf) "security interest" means right, title or interest of any kind, other than those specified in section 31, upon property created in favour of any secured creditor and includes—
Read section 2