encumbrance (incumbrance) n. a general term for any claim or lien on a parcel of real property. These include: mortgages, deeds of trust, recorded abstracts of judgment, unpaid real property taxes, tax liens, mechanic's liens, easements, and water or timber rights.
security interest n. generic term for the property rights of a lender or creditor whose right to collect a debt is secured by property.
security interest - any interest in a property that secures the payment of an obligation, which may be the right to future ownership (remainder), right to occupy for a period of time (tenancy or life estate) the right to drill for oil, the right to get the property back (a reversion) if it is no longer used for its current purpose (such as use for a hospital, school or city hall), use of airspace (condominium) or an easement across another's property.
interest n. 1) any and all, partial or total right to property or for the use of property, including an easement to pass over a neighboring parcel of land, the right to drill for oil, a possibility of acquiring title upon the happening of some event, or outright title.
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_________________ Ein Volk, Ein Reich, Ein Fuhrer "Тиндал-это реинкарнация каких-то очень древнеримских юристов.Очевидно, в этой реинкарнации он пытается выполнить свою прошлую миссию-любыми способами войти в пантеон 12-ти."Catull
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