Security interest is the rate of interest per annum which is entitled to the party that secures payment or performance of an obligation.

Name: Security interest is the rate of interest per annum which is entitled to the party that secures payment or performance of an obligation.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually personal property) which ensures that the debt will be repaid, it is not related to an interest rate.

Security Interest Is the Rate of Interest Per Annum Which