secured transaction

An obligation secured by a mortgage or other lien. See secured creditor; security interest.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • 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… …   Law dictionary

  • 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 — 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 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

  • public to private transaction — Sometimes called a take private transaction. A bid for a listed company which will generally be made by a newly incorporated unlisted company which is often financed by a mixture of share capital and/or loan notes from a venture capitalist and a… …   Law dictionary

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