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secured transaction |
Also found in: Wikipedia | 0.01 sec. |
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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) Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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