Chapter

Security interests in personal property

M G Bridge

in Personal Property Law

Second edition

Published in print November 1996 | ISBN: 9781854315816
Published online March 2012 | e-ISBN: 9780191705144 | DOI: http://dx.doi.org/10.1093/acprof:oso/9781854315816.003.0007
Security interests in personal property

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This chapter looks at the use of property concepts to perform a security function. The security function exists to reinforce the performance of a personal obligation, typically the payment of a sum of money. Security in the case of chattels may take one of four different forms. It may take the possessory from of a lien or a pledge (or pawn). In addition to lien and pledge, there are the non-possessory securities of mortgage and charge, the latter of which may exist in either a fixed or a floating form.

Keywords: security function; possessory security; chattels; lien; pledge; pawn; non-possessory security; mortgage

Chapter.  10282 words. 

Subjects: Company and Commercial Law

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