Security Rights

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Tags: claim, hypotheekrecht, immovable property, mortgage law, movable property, onroerende zaak, pandrecht, pledge, right of pledge, roerende zaak, security, security rights, vordering, zekerheid, zekerheidsrecht.

A security right is a real right that serves as security for a specific claim. If the claim is not paid, the titleholder has the right to sell the item and to pay the claim from the proceeds thereof.

Depending on the type of property on which the security right will rest, mortgage law (for immovable property) or pledge (for movable property and receivables) must be chosen.

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