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Secured Creditor - Explained

What is a Secured Creditor?

Written by Jason Gordon

Updated at September 26th, 2021

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Table of Contents

What is a Secured Creditor?

What is a Secured Creditor?

A secured creditor is a creditor (someone who is owed money by a debtor) who has a claim of right to property of the debtor if the debtor does not pay the debt owed. As an enforcement mechanism, if the debtor does not pay, the secured credit may be able to repossess or force the sale of the property (collateral) that is used to secure payment of the loan. 

Back To: COMMERCIAL LAW: CONTRACTS, PAYMENTS, SECURITY INTERESTS, & BANKRUPTCY

Related Topics

  • What is a Security Interest?
  • Collateral 
  • Pledge as Collateral
  • Collateralize
  • Cross Collateralization
  • After-Acquired Collateral
  • Unsecured Loan Definition
  • Unencumbered Asset
  • What is a Secured Creditor?
  • Unsecured Creditor
  • What are the benefits of security interests for creditors?
  • Limited Recourse Debt
secured creditor

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