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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
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 — 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 — Supported or backed by security or collateral such as a secured debt for which property has been pledged or mortgaged. See security @ secured bond Bond backed by collateral, mortgage, or other type of security Compare debenture @ secured creditor … Black's law dictionary
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
