secured creditor


Also found in: Legal, Financial, Wikipedia.
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.
A secured creditor of the Corporation has demanded repayment of the indebtedness and the Corporation, being insolvent, is unable to pay.
the Company), (TSX VENTURE:BGK), announces today that it has received from the National Bank of Canada, a secured creditor, a 10-day notice of its intention to execute its guarantees.
The bank, as secured creditor, has set August 31 as the last day of operations while Vulcan finishes certain production runs for its other customers.
CALGARY, Alberta -- Genoil (TSX VENTURE:GNO) (OTCBB:GNOLF) is pleased to announce that it has entered into an agreement to eliminate approximately $3 million of debt held by a secured creditor.
Additionally, the funds will be used to pay off the Company's current senior secured creditor and to meet costs of general business operations.
is not yet known due to various secured creditor claims and foreign exchange variances, but is estimated to be up to $200,000 U.
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.