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hi Im Michelle welcome back to finally revealed in this episode I want to talk about a banking term and this is a security interest what a security interest is is an interest that is given by a person or a company that owes another person or or company and it is a pledge of property to secure a debt either a debt that is just being made now created now because youre getting a loan right now and so youre exchanging a pledge of property in to make sure that you are go you know youre going to pay the loan and if you dont pay the loan that creditor can enforce that interest that youre giving them against the property that youre pledging also before you can sell that property that youre pledging that creditor is going to have to be paid off so a security interest is basically a pledge the most common forms are when you buy a car if you finance your car you know that you have a recording of the creditors interest that by their name on the title to the car or a boat or trailer or som
