- secured debts
-
In bankruptcy, a debt is secured if the debtor gave the creditor a right to repossess the property or goods used as collateral.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
secured debts
Look at other dictionaries:
Secured debt — Debt that, in the event of default, has first claim on specified assets. The New York Times Financial Glossary * * * secured debt secured debt ➔ debt * * * secured debt UK US noun [C or U] (also secured liabilities [plural]) ► FINANCE … Financial and business terms
secured debt — debt that has first claim on specified assets in the event of default. Bloomberg Financial Dictionary * * * secured debt secured debt ➔ debt * * * secured debt UK US noun [C or U] (also secured liabilities [plural]) … Financial and business 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
debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… … Law dictionary
Bankruptcy — Notice of closure attached to the door of a computer store the day after its parent company declared bankruptcy (strictly, put into administration see text) in the United Kingdom. Bankruptcy is a legal status of an insolvent person or an… … Wikipedia
bankruptcy — bank·rupt·cy / baŋ ˌkrəp sē/ n pl cies 1: the quality or state of a bankrupt filed for bankruptcy 2: the administration of an insolvent debtor s property by the court for the benefit of the debtor s creditors the debt was discharged in bankruptcy … Law dictionary
Chapter 13, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court … Wikipedia
Wage Earner Plan (Chapter 13 Bankruptcy) — Also known as a Chapter 13 bankruptcy, this enables individuals with regular income to develop a plan to repay all or part of their debts for a period of three to five years. The repayment period depends on the debtor s monthly income as compared … Investment dictionary
Stoozing — Stoozing, derived from the verb stooz, is a slang term used to describe the act of borrowing money at an interest rate of 0%, a rate typically offered by credit card companies as an incentive for new customers. The money is then placed in a high… … Wikipedia
Debenture — For debentures in sport, see debenture (sport). Finance Financial markets … Wikipedia
