Types of quasi-security

This Overview is a guide to the Banking & Finance content within the Types of quasi-security subtopic, with links to the appropriate materials.

Quasi-security is the term used to cover a broad range of arrangements which are not strictly speaking security but have a similar economic effect.

Quasi-security provides protection for the party receiving it and can increase the likelihood of a lender being repaid. However, quasi-security is different from security in that security creates rights against the assets of the security provider whereas quasi-security creates rights against a person (ie against the quasi-security provider itself rather than its assets).

For more information about how quasi-security is different from security, see Practice Note: Difference between security and quasi-security.

For information about the different types of security available under English law, see Practice Note: Types of security.