secured party


secured party
secured party see party 1a

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

secured party
USA
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.

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