secured transaction

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 Dictionary of Law. . 1996.

secured transaction
A transaction that involves security, i.e., a transaction secured with collateral that can be taken by the creditor if the debtor defaults.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

secured transaction
An arrangement in which a lender or buyer pledges property as collateral for a loan or sale. (See also: secured debt)
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

secured transaction
n. Any business transaction involving the title to property as collateral for the borrowing of money.

Webster's New World Law Dictionary. . 2000.

secured transaction
   any loan or credit in which property is pledged as security in the event payment is not made.
   See also: deed of trust, lien, mortgage, pawn, UCC-1

Law dictionary. . 2013.

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Look at other dictionaries:

  • 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 transaction — An obligation secured by a mortgage or other lien. See secured creditor; security interest …   Ballentine's law dictionary

  • 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 debt — See secured creditor; secured transaction …   Ballentine's law dictionary

  • secured credit — See secured transaction …   Black's law dictionary

  • secured credit — See secured transaction …   Black's law dictionary

  • secured lending transaction — užtikrintasis skolinimo sandoris statusas Aprobuotas sritis kredito ir finansų įstaigos apibrėžtis Užtikrinimo priemonę turintis skolinimo sandoris, dėl kurio susidaro pozicija, bet kuris nesuteikia bankui teisės gauti garantinių įmokų.… …   Lithuanian dictionary (lietuvių žodynas)

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

  • commercial transaction — ▪ economics Introduction       in law, the core of the legal rules governing business dealings. The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of… …   Universalium

  • Undervalue transaction — An undervalue transaction is a transaction entered into by a company [Some legal systems also apply undervalue transactions to insolvent individuals] who subsequently goes into bankruptcy which the court orders be set aside, usually upon the… …   Wikipedia

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