Easyform Glossary of Law Terms. — UK law terms.
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
unsecured creditor — see creditor Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. unsecured creditor … Law dictionary
secured creditor — see creditor Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. secured creditor … Law dictionary
unsecured creditor — a creditor who extended credit to a debtor without collateral security. If the debtor files for bankruptcy or is levied upon, the unsecured creditors are paid on a pro rata basis only after the claims of all secured creditors are satisfied… … Glossary of Bankruptcy
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
unsecured claim — a claim or debt for which a creditor holds no special assurance of payment; a debt for which credit was extended based solely upon the creditor s assessment of the debtor s future ability to pay (Glossary of Common Bankruptcy Terms) A pre… … Glossary of Bankruptcy
secured debt — debt backed by a mortgage, pledge of collateral or other lien. It is debt for which the creditor has the right to pursue specific pledged property upon default (Glossary of Common Bankruptcy Terms) A claim secured by a lien in the debtor s… … Glossary of Bankruptcy
secured claim — A loan or debt for which some form of property has been pledged or mortgaged (SA Bankruptcy.com) Where a claim is secured by a lien, the code limits that secured claim to the value of the property less any higher priority liens. Since the… … Glossary of Bankruptcy
unsecured debt — A debt that doesn t give the creditor the right to take a particular item of property if the debtor doesn t pay. Examples include credit card debts and medical bills. Compare: secured debt Category: Bankruptcy, Foreclosure & Debt → Bankruptcy… … Law dictionary
Finance and Leasing Association — The Finance and Leasing Association (FLA) is the leading trade association for the UK consumer credit, motor finance and asset finance sectors, and the largest organisation of its type in Europe. Members of FLA include: banks, subsidiaries of… … Wikipedia
