secured transactions

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
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.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • 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 — Generally, a secured transaction is a loan or credit transaction in which the lender acquires a security interest in certain collateral owned by the borrower and has the right to foreclose or repossess the collateral in the event of the borrower… …   Wikipedia

  • Secured loan — A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral in… …   Wikipedia

  • Secured Electronic Transaction —    Standard protocols providing for secure credit card transactions …   IT glossary of terms, acronyms and abbreviations

  • Hypertext Transfer Protocol, Secured — Hypertext Transfer Protocol Pile de protocoles 7 • Application 6 • Présentation 5 • Session 4 • …   Wikipédia en Français

  • Uniform Commercial Code — n. A compilation of laws governing commercial transactions, including the sale of goods, commercial paper, banking, and secured transactions. abbrv. UCC The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney… …   Law dictionary

  • Chattel mortgage — Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law. Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable… …   Wikipedia

  • commercial law — n: the legal rules and principles bearing on commercial transactions and business organizations see also uniform commercial code in the important laws section Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Bankruptcy in the United States — The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact uniform Laws on the subject of Bankruptcies throughout the United States. Congress has exercised this authority several times since 1801, most recently… …   Wikipedia

  • chattel mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. chattel mortgage n …   Law dictionary

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