Common use of Security Interest and Right of Set-Off Clause in Contracts

Security Interest and Right of Set-Off. You hereby grant to Issuer a security interest in and a right of set off against any of your monies, deposit accounts, securities and other property now or hereafter held or received by us as security for all amounts that you may owe to us under this Agreement, whether matured or unmatured, and this shall include any account that is held jointly with someone else and all accounts the Holder may open in the future.