secured creditor


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Related to secured creditor: Unsecured creditor
Translations

secured creditor

[sɪˌkʊədˈkrɛdɪtəʳ] n (Fin) → creditore m privilegiato
References in periodicals archive ?
A receiver is a person appointed under an instrument or Court Order to take control of assets for a secured creditor to recover on its debt.
As a result of a number of recent court decisions, a secured creditor should not take it for granted that it has obtained a perfected security interest in a certificate of deposit pledged as collateral.
The problem with this third view is that few courts have carefully considered the manner of determining whether a secured creditor has equity in its collateral from which a valid reclamation claim could be paid.
The debate in this case is centered around two entities - the debtor and a single secured creditor, the bank, and the power with unsecured creditors is being questioned, Professor Warren said.
The receiver tries to generate value from the assets to pay the secured creditor what it is owed.
A secured creditor may waive his security lien by making a manifestation to that effect prior to the election of a liquidator.