security deed

security deed
A term probably confined to the state of Georgia and there meaning a deed conveying the legal title to land as security for the payment of a debt. Upon default in payment, the holder of the debt reduces it to judgment, and the holder of the legal title to the land makes and places of record a quitclaim conveyance to the debtor, reinvesting him with the legal title. The land may then be levied upon and sold to satisfy the judgment. Scott v Paisley, 271 US 632, 633, 70 L Ed 1123, 1124, 46 S Ct 591. See deed of trust; mortgage.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • deed of priority — An agreement, usually a deed, under which two or more creditors agree among themselves the rights which they shall have as between each other in relation to their debts from the same debtor and the order of priority in which their respective… …   Law dictionary

  • deed of trust — see deed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. deed of trust n. A deed …   Law dictionary

  • deed of trust — deed of trust/ Sometimes called a trust deed A three party document conveying interest in property, almost always real estate, to a trustee. In many states, deeds of trust are used instead of mortgages. In those states, the trustee holds the deed …   Financial and business terms

  • security interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. security interest …   Law dictionary

  • deed — [n1] achievement accomplishment, act, action, adventure, ballgame, big idea*, bit, byplay, cause, commission, crusade, do, enterprise, exploit, fact, feat, follow through, game, happenin’*, performance, plan, quest, reality, securing, stunt,… …   New thesaurus

  • Security — (Roget s Thesaurus) < N PARAG:Security >N GRP: N 1 Sgm: N 1 security security Sgm: N 1 guaranty guaranty guarantee Sgm: N 1 gage gage warranty bond tie pledge plight mortgage debenture …   English dictionary for students

  • Security interest — A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt.[1] It gives the beneficiary of the security interest certain… …   Wikipedia

  • security — I (New American Roget s College Thesaurus) Guaranty Nouns 1. security, guaranty, guarantee; gage, warranty, bond, tie, pledge, plight, mortgage, debenture, hypothecation, bill of sale, lien, pawn; stake, deposit, earnest, collateral. See promise …   English dictionary for students

  • Deed — For the British cargo ship, see SS Deed. Property law …   Wikipedia

  • deed — A conveyance of realty; a writing signed by grantor, whereby title to realty is transferred from one to another. National Fire Ins. Co. v. Patterson, 170 Okl. 593, 41 P.2d 645, 647. A written instrument, signed, and delivered, by which one person …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”