Series 79: Security Interest

Taken from our FINRA Investment Banking Exam

Definition of the term Security Interest...

a secured creditor’s legal right to a specified asset of the debtor. Typically entitles the creditor to receive some or all of the asset’s value if it is liquidated in bankruptcy, and may also give the creditor the ability to take the asset.

Since you're reading about Series 79: Security Interest, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 79
Please Enable Javascript
to view this content!