sikringsaftale
A sikringsaftale, which translates to "security agreement" or "collateral agreement" in English, is a legal contract in Danish law that establishes a pledge of assets as security for a debt or obligation. This agreement is typically made between a creditor and a debtor. The debtor grants the creditor rights over specific assets, known as collateral, to ensure that the debt is repaid. If the debtor fails to meet their obligations, the creditor has the right to seize and sell the collateral to recover the outstanding amount.
These agreements are commonly used in various financial contexts, including loans from banks, mortgages, and business
In Denmark, the legal framework governing sikringsaftaler is primarily found in the Law on Pledges (Tinglysningsloven)