secured by law
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secured creditor — see creditor Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. secured creditor … Law dictionary
secured transaction — secured trans·ac·tion n: a transaction that is intended to create a security interest in personal property (as goods) or fixtures and that is governed by Article 9 of the Uniform Commercial Code compare security agreement Merriam Webster’s… … Law dictionary
secured — adj 1 a: guaranteed or protected by security a secured claim b: constituting security secured property 2: having a security interest an interest rendering the primary lender secured 3: involving o … Law dictionary
secured party — see party 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. secured party … Law dictionary
secured obligations — USA Defined term typically used in the security agreement to describe the obligations secured by the security interest in the collateral. Typically, the borrower s secured obligations consist of its obligations to pay all amounts when due and… … Law dictionary
secured and unsecured — Companies can issue a series of debentures or debenture stock, which essentially means secured loan stock. The instrument creates indebtedness owing by the company to the holder, usually carrying interest and maturing on a particular date when… … Law dictionary
secured debt — n. A debt that is guaranteed by certain items that the creditor may take if the debtor fails to pay back the loan. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. secured debt … Law dictionary
secured loan — As security for borrowing, a lender commonly takes a charge over some or all of a company s assets. This allows the lender to take and sell the secured assets and to use the proceeds to repay the indebtedness. Easyform Glossary of Law Terms. UK… … Law dictionary
secured claim — USA A claim held by a creditor who has a perfected lien or a right of set off against the debtor s property. In a bankruptcy case, secured claims are satisfied before any other claims out of the proceeds of the collateral which secure them.… … Law dictionary
secured transactions — Business dealings that grant a creditor a right in property owned or held by a debtor to assure the payment of a debt or the performance of some obligation. Dictionary from West s Encyclopedia of American Law. 2005. secured transactions … Law dictionary
