security interest

AJ   Sat Oct 14, 2006 5:20 am GMT
A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation (usually but not always the payment of a debt) which gives the beneficiary of the security interest certain preferential rights in relation to the assets. The rights vary according to the type of security interest, but in most cases (and in most countries) the main rights and purpose of the security interest is to allow the holder to seize, and usually sell, the property to discharge the debt that the security interest secures.

-From Wikepedia

I'd like to know what 'interest', in this extract, means. Should it be there?
Robin   Sun Oct 15, 2006 12:40 am GMT
I hate these questions because they are very technical. Ok, I know the answer, but I don't enjoy the answer. I feel that you should be paying someone to explain 'business english'.

How come, you understand all the other words, but you don't understand, 'interest'?

Interest in this context means a 'legal interest'.