A security for an obligation is something that makes it more likely that the obligation will eventually be fulfilled. It makes the creditor more secure. English law recognizes broadly two kinds of security: real security and personal security. This chapter focuses on real security, where the creditor obtains a ‘real right’ or a proprietary right in one or more assets that belong to the debtor. The chapter is organized as follows. Sections B and C discuss real security over land and real security over moveable property, respectively. Section D deals with priorities: i.e., the resolution of disputes between the holder of a security interest and the holder of some other interest in the same property. The final section addresses the principles of personal security.
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