Secured Creditor
/ˈsɪkjʊrd ˈkrɛdɪtər/
Definitions
- (n.) A creditor who holds a security interest or lien on the debtor's property, giving priority over unsecured creditors in case of default.
The secured creditor was first in line to recover debts from the repossessed collateral.
Forms
- secured creditors
Related terms
See also
Commentary
The term specifically denotes a creditor with a legal right in collateral, important for priority in insolvency or enforcement contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.