secured

secured
Supported or backed by security or collateral such as a secured debt for which property has been pledged or mortgaged.
@ secured bond
Bond backed by collateral, mortgage, or other type of security
Compare debenture
@ secured creditor
A creditor who holds some special pecuniary assurance of payment of his debt, such as a mortgage, collateral, or lien.
See secured party
- security interest, also, lien creditor.
@ secured loan
A loan for which some form of property has been pledged or mortgaged, as in the case of an automobile loan in which title to the vehicle is held as security by lender.
+ secured loan
One which is secured by property or securities.
See also collateral loan.
@ secured party
A lender, seller or other person in whose favor there is a security interest, including a person to whom accounts or chattel paper have been sold. When the holders of obligations issued under an indenture of trust, equipment trust agreement or the like are represented by a trustee or other person, the representative is the secured party. Section 9-105(l)(m) of the 1972 U.C.C. Code; No. 9-105(1X1) of the 1962 U.C.C. Code. The term also includes the assignee of the right to proceeds under a letter of credit. U.C.C. No. 5-116(2)
@ secured transaction
Any transaction, regardless of its form, that is intended to create a security interest in personal property or fixtures, including goods, documents, and other intangibles. A transaction which is founded on a security agreement. Such agreement creates or provides for a security interest. U.C.C. No. 9-105(h).
See security agreement
@

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • 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 — The status a creditor has when he has security or a right in some property that he can sell or realize on. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • secured — protected or guaranteed as in the case of a loan where the lender holds the title of some asset until the borrower has repaid the loan in full. Glossary of Business Terms * * * secured se‧cured [sɪˈkjʊəd ǁ ˈkjʊrd] adjective FINANCE 1. a secured… …   Financial and business terms

  • Secured — Secure Se*cure , v. t. [imp. & p. p. {Secured}; p. pr. & vb. n. {Securing}.] 1. To make safe; to relieve from apprehensions of, or exposure to, danger; to guard; to protect. [1913 Webster] I spread a cloud before the victor s sight, Sustained the …   The Collaborative International Dictionary of English

  • secured — adj. Secured is used with these nouns: ↑creditor, ↑loan …   Collocations dictionary

  • secured — un·secured; …   English syllables

  • secured creditor — see creditor Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. secured creditor …   Law dictionary

  • Secured transactions in the United States — are an important part of the law and economy of the country. By allowing lenders to take a security interest in a debtor s asset as collateral, secured transactions provide lenders with greater confidence that they will be repaid. This increased… …   Wikipedia

  • 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 creditor — An entity holding a claim against the debtor that is secured by a lien on property of the estate or that is subject to a right of setoff (SA Bankruptcy.com) A creditor holding a lien (secured claim) on property. (Bernstein s Dictionary of… …   Glossary of Bankruptcy

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