secured creditor

« Back to Glossary Index

“who holds some special pecuniary assurance of payment of his debt, such as a mortgage of lien.” – Black’s Law Dictionary 1st edition, page 1073.

 

“a creditor who holds some special pecuniary assurance of payment of his debt, such as a mortgage or lien.” – Black’s Law Dictionary 2nd edition, page 1066.

 

“A creditor who holds some special pecuniary assurance of payment of his debt, such as a mortgage or lien. In re New York Title and Mortgage Co., 160 Misc. 67, 289 N.Y.S. 771, 785, 160 Misc. 67.” – Black’s Law Dictionary 4th edition, page 1522.

 

“See CREDITOR.”

CREDITOR:

secured creditor. A creditor who has the right, on the debtor’s default, to proceed against collateral and apply it to the payment of the debt. – Also termed secured party.

Secured party’ means CA) a person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding; (B) a person that holds an agri­ cultural lien; (C) a consignor; (D) a person to which accounts, chattel paper, payment intangibles, or promis­sory notes have been sold; or (E) if a security interest or agricultural lien is created or provided for in favor of a trustee, agent, collateral agent, or other representative, that representative.” UCC § 9-102(a)(50).” – Black’s Law Dictionary 7th edition, page 1357.

 

secured creditor.See CREDITOR.”

CREDITOR:

secured creditor.A creditor who has the right, on the debtor’s default, to proceed against collateral and apply it to the payment of the debt. UCC § 9-102(a)(72). — Also termed secured party. “- Black’s Law Dictionary 8th edition, page 1116.

« Back to Glossary Index

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.

error: Content is protected !!