Secured Transactions Law
/ˈsɪkjʊrd trænˈzækʃənz lɔː/
Definitions
- (n.) The body of law governing security interests in personal property to secure payment or performance of an obligation.
Under Secured Transactions Law, the creditor perfected a security interest in the debtor's inventory.
Forms
- secured transactions law
- secured transactions laws
Related terms
See also
Commentary
Typically governed in the U.S. by Article 9 of the Uniform Commercial Code, this law focuses on the attachment, perfection, priority, and enforcement of security interests.
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.