secured transaction


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secured transaction

n. any loan or credit in which property is pledged as security in the event payment is not made. (See: mortgage, deed of trust, lien, pawn, UCC-1)

References in periodicals archive ?
After describing what constitutes a secured transaction and the potential value security lends to a credit transaction, this manual then reviews the basics of all commonly used security devices.
I cannot but emphasize how important [the secured transactions law and warehouse receipts law are] given the country's goals of improving competitiveness, harnessing the potential of the country's MSMEs, and making these MSMEs, especially with those that have linkage to the global supply chain, on a par with that of regional players,' Beltran said.
International and Comparative Secured Transactions Law: Essays in Honour of Roderick A.
In Azerbaijan, a working group on reform of secured transactions system has been developed.
School of Law) offer a casebook examining the law of Article 9 of the US Uniform Commercial Code governing secured transactions.
Reforming secured transactions laws and registries is one way to deal with this phenomenon and increase access to credit in the private sector, in particular the small and medium enterprise segment.
com)-- Having been advising the World Bank on the Doing Business project in such sections as corporate law, taxation and investment legislation since 2003, DICSA has been selected as contributor to the Getting Credit-Legal Rights Index as an expert on the fields of secured transactions and insolvency.