Sicker
/ˈsɪkər/
Definitions
- (n.) A party to a secured transaction who grants a security interest in personal property to a secured party.
The sicker granted the lender a security interest in the inventory.
Related terms
See also
Commentary
The term 'sicker' often appears in secured transactions contexts; ensure it is not confused with the unrelated common adjective 'sicker.' Usage is specialized to identify the debtor granting a security interest.
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.