by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and commercial finance, a security agreement is a contract between a debtor and a secured party that creates a security interest in personal property. It is governed by the provisions of the Uniform Commercial Code. The security agreement identifies the...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and finance, security refers to real or personal property that is pledged or hypothecated by a borrower to protect the lender’s interest. The property serves as collateral to ensure repayment of a loan or performance of an obligation. If the borrower...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and finance law, a secured party is the person or entity that holds a security interest in property to secure the performance of an obligation. This party has legal rights in the collateral until the debt or obligation is satisfied. Examples of secured...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and land surveying, a section is a unit of land measurement used in the government, or rectangular, survey system. A section consists of one square mile, totaling 640 acres. Sections are used as part of legal land descriptions and are numbered within a...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate finance, a second mortgage is a loan secured by a mortgage that has a lower priority than an existing first mortgage. Its lien ranks after the first mortgage in terms of legal precedence. Because a second mortgage is subordinate to the first, it carries...
