Words / S / Law

security agent

phrase

B1CEFR level
45/100Rarity: uncommon
TechnicalRegister

The party that holds the transaction security on trust for, and enforces it on behalf of, the secured lenders.

On acceleration, the security agent may take steps to enforce the charges over the group's assets.

Similar: security trustee

Topic: Banking & finance law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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