secured creditor

secured creditor
secured creditor see creditor

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

secured creditor
A creditor may obtain priority to particular assets of a debtor if it defaults in which case he is said to be "secured". The unsecured creditor only has a prospect of being paid so far as there are surplus assets available to pay him after secured and preferential creditors.

Easyform Glossary of Law Terms. — UK law terms.


secured creditor
USA
A creditor holding a secured claim, or a perfected lien, on a debtor's property. In bankruptcy, a secured creditor has the right to be paid before any other creditors out of the proceeds of its collateral.

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


secured creditor
One who holds some special monetary assurance of payment of a debt owed to him or her, such as a mortgage, collateral, or lien.

Dictionary from West's Encyclopedia of American Law. 2005.


secured creditor
One who holds some special monetary assurance of payment of a debt owed to him or her, such as a mortgage, collateral, or lien.

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

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Look at other dictionaries:

  • secured creditor — An entity holding a claim against the debtor that is secured by a lien on property of the estate or that is subject to a right of setoff (SA Bankruptcy.com) A creditor holding a lien (secured claim) on property. (Bernstein s Dictionary of… …   Glossary of Bankruptcy

  • secured creditor — ➔ creditor * * * secured creditor UK US noun [C] FINANCE ► an organization that has lent money under an agreement that they can take particular assets from the borrower if the money is not paid back: » The plan is designed to satisfy its secured… …   Financial and business terms

  • Secured creditor — A secured creditor is a creditor which has the benefit of a security interest over some or all of the assets of the debtor.In the event of the bankruptcy of the debtor, the secured creditor can enforce their security against the assets of the… …   Wikipedia

  • secured creditor — creditor whose debt owed is guaranteed by mortgaged property …   English contemporary dictionary

  • Secured Creditor — Any creditor or lender that takes collateral for the extension of credit, loan or bond issuance. In the arena of personal finance, the most well known secured creditors are mortgage lenders whose loans are secured either by a first or second lien …   Investment dictionary

  • secured creditor — A creditor under an obligation secured as to payment by lien or incumbrance upon property of the debtor or a third person. In bankruptcy, a creditor who has security for his debt upon the property of a bankrupt of a nature to be assignable under… …   Ballentine's law dictionary

  • secured creditor — A creditor who holds either a fixed charge or a floating charge over the assets of a debtor …   Accounting dictionary

  • secured creditor — A creditor who holds a fixed or floating charge over the assets of a debtor …   Big dictionary of business and management

  • secured creditor — /sɪˌkjυəd kredɪtə/ noun a person who is owed money by someone, and can legally claim the same amount of the borrower’s property if the borrower fails to pay back the money owed …   Dictionary of banking and finance

  • creditor — cred·i·tor / kre də tər, ˌtȯr/ n: a person to whom a debt is owed; esp: a person to whom money or goods are due compare debtor, obligor general creditor: a creditor who is not secured by a lien or other security interest – called also unsecured… …   Law dictionary

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