Seisin (Seizin)

In real estate law, seisin, also spelled seizin, refers to the possession of real property by a person who is legally entitled to it. It denotes both ownership and the right to possess the land. Historically, seisin was an important concept in establishing lawful...

Security Interest

In real estate and commercial finance, a security interest is the legal interest a creditor holds in the property of a debtor to secure payment or performance of an obligation. It gives the creditor rights in the collateral until the debt is satisfied. Under the...

Security Agreement

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...

Security (real estate finance)

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...

Secured Party

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...

Section

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...