secured party

secured party
secured party see party 1a

Merriam-Webster’s Dictionary of Law. . 1996.

secured party
Defined in the UCC as:
• 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.
• A person that holds an agricultural lien.
• A consignor.
• A person to which accounts, chattel paper, payment intangibles, or promissory notes have been sold.
• A trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for.
• A person that holds a security interest arising under UCC §§2-401, 2-505, 2-711(3), 2A-508(5), 4-210, or 5-118.
(UCC §9-102(72)).
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • secured party — A creditor that has been granted a collateral interest in property. The collateral interest is usually given to the creditor by the debtor but may be given by a guarantor or another third party. American Banker Glossary …   Financial and business terms

  • party — par·ty n pl parties 1 a: one (as a person, group, or entity) constituting alone or with others one of the sides of a proceeding, transaction, or agreement the parties to a contract a person who signed the instrument as a party to the instrument… …   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

  • Party of National Brotherhood — Hizb al Ikha al Watani Leader Rashid Ali al Gaylani Founded 1931 Dissolved 1941 Ideology …   Wikipedia

  • British National Party — For other uses, see British National Party (disambiguation). British National Party …   Wikipedia

  • Jatiya Party — For other uses, see Jatiya Party (disambiguation). Jatiya Party জাতীয় পার্টি President Hussain Muhammad Ershad Secretary Gen …   Wikipedia

  • The Centre Party —     The Centre     † Catholic Encyclopedia ► The Centre     (THE CENTRE PARTY).     This name is given to a political party in the German Reichstag and to a number of parties in the diets of the various states of the German Empire. The oldest… …   Catholic encyclopedia

  • National Democratic Party (Egypt) — National Democratic Party الحزب الوطني الديمقراطى First leader Anwar El Sadat Last leader Talaat Sadat …   Wikipedia

  • History of the United States Republican Party — The History of the United States Republican Party is an account of the second oldest currently existing political party in the United States.CreationWhen the Republican Party was created, the two major parties in the United States were the… …   Wikipedia

  • Labour Party —    Despite being one of the only two major parties in British politics, the Labour Party has suffered from a lack of electoral success, having won a clear governing majority only three times (1945, 1966 and 1997). It has long suffered from… …   Encyclopedia of contemporary British culture

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”